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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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Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
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- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
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