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Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent report by the Supreme Audit Agency (BPK) highlighting poor management of mining operations by some mining companies.
Bambang Setiawan, director general for coal, minerals and geothermal at the Energy and Mineral Resources Ministry, said Monday evening that the presidential regulation was important as it would bring new legal certainties to underground mining operations.
"This regulation will not violate the existing law *the Forestry Law*, which only forbids open-pit mining in forests, not underground mining," Bambang said.
Energy and Mineral Resources Ministry Purnomo Yusgiantoro said that underground mining might be very costly, but would be worth the investment. "No problems with the higher cost as long as it provides higher profits," Purnomo said.
He added several protected forest areas were predicted to contain high reserves of coal and minerals. "Take the example of forests in Kalimantan, *where* the areas are estimated to contain huge reserves of coal."
Purnomo and Bambang did not specify when the regulation would be issued, saying only that this was under the president's authority.
Separately BPK lambasted the management of some mining operations in its audit report on coal mining management during the 2006-2007 fiscal years.
It found as many as 212 cases of irregularities in coal mining management with potential state losses reaching Rp 2.69 trillion, along with another US$778.8 million, in total.
Losses reflected halts in reclamation collateral payments by 60 mining contract (KP) holders in Kutai, East Kalimantan; 30 KP holders in Tanah Laut, South Kalimantan; and Coal Contracts of Work (PKP2B) holders PT KJA and PT MSJ.
The total amount of the halted payments reached $3.18 million and Rp 127.25 billion in total, with BPK claiming this would burden state budgets if the contractors failed to fulfill their reclamation obligations.
The audit found that 61 KP holders and 5 PKP2B contract holders did not properly manage the top soil and overburden in open cast mining areas, which could cause landslides, or erosion and reduce soil fertility.
BPK said all these irregularities were caused by a combination of policy weaknesses along with non-compliance by mining companies.
In response, Bambang said that most of the irregularities were found in KPs that were issued by regional governments. "We are conducting an internal evaluation on the BPK's findings," he said.
Source: http://www.thejakartapost.com/news/2009/04/22/protected-forests-facing-underground-mining-threat.html
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Wednesday, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...
Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...
Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...
Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...
Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity.
The mismatch is something South Africa cannot afford, given i ...
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- Georgia Ports Authority, United States
- Bhatia International Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
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- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
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- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
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- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
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- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
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- Mercuria Energy - Indonesia
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- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
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- Central Electricity Authority - India
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- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
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- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
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- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
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- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
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- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
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- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
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- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
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- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
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- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
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- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
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- Intertek Mineral Services - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
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