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Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
 The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than 90 percent of realized investment this year, a senior official says.
For this year, the government predicted investment in the sector would reach $2.33 billion, but only about 80 percent of that target has been achieved so far, according to Witoro Soelarno, the secretary to the directorate general for minerals, coal and geothermal energy at the Energy and Mineral Resources Ministry.
Next year will be another important year for the country’s mining industry as four long awaited implementation regulations to the new mining law are expected to be issued in January.
The implementation regulations, covering mining areas, coal and mineral businesses, mining supervision, reclamation and postmining issues, are expected to provide legal certainty and boost investors’ confidence in developing the country’s mining and geothermal reserves, he said.
However, Witoro added that major investment next year would still come from existing concessions rather than new mining licenses issued under the recent law.
“Most of the investment in 2010 will come from existing mining contracts. Investment from new mining licenses will not dominate,” he said in a text message sent over the weekend.
“The increase in investment as a result of the new regulations cannot be estimated yet because the 2010 work and budget plan [from miners] is still being evaluated.
“The potential for new mining licenses from regions is also difficult to evaluate at this stage as
the reports are very minimal,” Witoro said.
Indonesia has suffered from a prolonged investment drought in the mining sector for the last 10 years, including in 2007 when commodity prices peaked.
Global mining industry consultant PricewaterhouseCoopers (PwC) said that mining companies operating in Indonesia had so far only invested in maintaining existing operations, while investment in greenfield exploration was very minimal.
Despite the pros and cons of the new mining law, the government expects the law will reduce legal uncertainty and attract more investors to explore the country’s mining potential.
The industry’s concrete response to the law will only be clear after the implementation regulations are issued.
However, Irwandy Arif, chairman of the Association of Indonesian Mining Professionals (PERHAPI), said the effect of the law on investment inflow would not be immediate.
“It will take some time to harmonize all the regulations,” he said.
Irwandy predicted that investment in 2010 would remain focused on additional capital spending for existing concessions rather than the exploration of greenfield areas.
He said these considerations were based not only on the new regulations, but also on the fact that commodity prices remained low.
“Many institutions estimate that commodity prices will remain low, at least until the end of 2010,”
he said.
Source: The Jakarta Post
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Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
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- Bukit Asam (Persero) Tbk - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
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- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
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- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
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- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
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- Thai Mozambique Logistica
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- Larsen & Toubro Limited - India
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- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
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- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
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- Energy Link Ltd, New Zealand
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- Meralco Power Generation, Philippines
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- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
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- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
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- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Minerals Council of Australia
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- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- PTC India Limited - India
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- ASAPP Information Group - India
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- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
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