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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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Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
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- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
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- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Eastern Coal Council - USA
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- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
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- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
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- Kepco SPC Power Corporation, Philippines
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- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
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- Agrawal Coal Company - India
- New Zealand Coal & Carbon
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- Latin American Coal - Colombia
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- Semirara Mining Corp, Philippines
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- Commonwealth Bank - Australia
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- Thai Mozambique Logistica
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- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
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- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
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- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
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- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
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- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Planning Commission, India
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- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
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- Directorate General of MIneral and Coal - Indonesia
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- Australian Coal Association
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- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
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- Tata Chemicals Ltd - India
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- London Commodity Brokers - England
- Coal and Oil Company - UAE
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