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