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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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- Agrawal Coal Company - India
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- SMC Global Power, Philippines
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- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- The University of Queensland
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
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- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
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- Madhucon Powers Ltd - India
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- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
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- Videocon Industries ltd - India
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- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
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- Posco Energy - South Korea
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- Power Finance Corporation Ltd., India
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- Globalindo Alam Lestari - Indonesia
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- Heidelberg Cement - Germany
- Parliament of New Zealand
- ICICI Bank Limited - India
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- Semirara Mining Corp, Philippines
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
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- Karaikal Port Pvt Ltd - India
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- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
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- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
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- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
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- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
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- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
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- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
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- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
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- Australian Coal Association
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
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