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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, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- White Energy Company Limited
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- The University of Queensland
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
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