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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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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
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