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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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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
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- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
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- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
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- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
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- Power Finance Corporation Ltd., India
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- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Indonesian Coal Mining Association
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- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
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- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
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- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
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- Trasteel International SA, Italy
- Mjunction Services Limited - India
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- Metalloyd Limited - United Kingdom
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- Bhushan Steel Limited - India
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- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
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- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
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- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
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- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
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- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
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- CIMB Investment Bank - Malaysia
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- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Australian Coal Association
- Heidelberg Cement - Germany
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- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
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- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
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