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Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
 Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top coal miner Banpu PCL, a senior government official said on Monday.
Indonesian police temporarily closed the Jorong coal mine in Indonesia's portion of Borneo island last week over the permitting issue.
"We are holding talks at the coordinating economics' ministry on how to settle this issues," Bambang Setiawan, director general of coal, minerals and geothermal at the energy and mining ministry, told reporters.
The official said that the Jorong mine had already put in a request to Indonesia's forestry ministry to extend its permit, but one had not yet been issued.
"Because of a need to continue production, the producer went on operating without the extension permit," he added.
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"We are holding talks at the coordinating economics' ministry on how to settle this issues" - Bambang Setiawan, director general of coal, minerals and geothermal
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Banpu confirmed in a statement last Thursday that the mine had been shut but said it would only have a slight impact on production at its Indonesian unit Indo Tambangraya Mega Tbk
Indo Tambangraya has six coal concessions on Borneo island including Jorong in South Kalimantan.
Another official at the energy and mining ministry said problems like this over land permits could hit mining output by increasing uncertainty in the investment climate in Indonesia.
"Indonesia needs more coal to supply coal-fired power plants, especially in Java island, from this year," said the official, who declined to be identified by name.
"If there are many of this type of problem in the sector then it will cut coal production in future," added the official.
Coal output from Jorong mine accounted for around 1.97 million tonnes, or 8.6 percent of Banpu's 2010 production target of 23 million tonnes, the firm has said.
Banpu said it did not know when it would be able to resume operations.
Jorong mine produces sub-bituminous coal which is supplied to local power plants and overseas utilities.
According to estimates from Indo Tambangraya, Jorong mine produced 2.85 million tonnes in 2009, with 2.3 million tonnes targeted at the overseas market.
Indonesia Forestry Minister Zulkifli Hasan told Reuters on Jan 10 the ministry had revoked the land use permits for 23 mining and other firms operating in forested areas and may crack down further, indicating a tougher stance on environmental protection.
But the government of President Susilo Bambang Yudhoyono has also pledged to resolve bottle necks and other bureaucratic obstacles that frequently hamper investment projects and have discourage investment in the mining sector.
Source: Reuters
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Wednesday, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
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- Kaltim Prima Coal - Indonesia
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- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
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- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
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- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
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- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Australian Coal Association
- Mercator Lines Limited - India
- The Treasury - Australian Government
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- The University of Queensland
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- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
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- PTC India Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
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- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
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- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
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- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
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- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
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- Kumho Petrochemical, South Korea
- Economic Council, Georgia
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- Xindia Steels Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
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- Malabar Cements Ltd - India
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- Semirara Mining Corp, Philippines
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- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Central Electricity Authority - India
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- Barasentosa Lestari - Indonesia
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- Sical Logistics Limited - India
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- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
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- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
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- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
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- Renaissance Capital - South Africa
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- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
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- MS Steel International - UAE
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- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
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- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
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