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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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Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
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- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Planning Commission, India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Siam City Cement - Thailand
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- London Commodity Brokers - England
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