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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, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- Independent Power Producers Association of India
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- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
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- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
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- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
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- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
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- Global Coal Blending Company Limited - Australia
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- Romanian Commodities Exchange
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- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
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- The University of Queensland
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- Billiton Holdings Pty Ltd - Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
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- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
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- Georgia Ports Authority, United States
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- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Australian Coal Association
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- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
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- Sakthi Sugars Limited - India
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- Australian Commodity Traders Exchange
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- Bahari Cakrawala Sebuku - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
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- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
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- Indian Oil Corporation Limited
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- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- India Bulls Power Limited - India
- Indonesian Coal Mining Association
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- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
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- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
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- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
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- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
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- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
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- Sical Logistics Limited - India
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- SMG Consultants - Indonesia
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- Meralco Power Generation, Philippines
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- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
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- Coastal Gujarat Power Limited - India
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