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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
.jpg) A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the country’s power plants when the law’s implementing regulations come into effect in April, the Indonesian Coal Producers Association warned on Monday.
Bob Kamandanu, chairman of the association, also known as the APBI, said its members stood to lose at least $3.2 billion this year, based on last year’s average coal price of $50 per ton, and that total production would decline by 25 percent. He said the law would force many operators to shut down because their permits would not be extended, while existing ones could be revoked.
However, Deputy Minister of Public Works Hermanto Dardak told the Jakarta Globe that any mining companies that have been operating according to existing regulations should have nothing to worry about.
“I think the new law is ideal for the country as Indonesia still experiences many violations of spatial zoning,” Hermanto said. “If a mining company has just realized they’re committing activities that violate the zoning law, then they should talk with the local governments and the Forestry Ministry to determine what needs to be done to adjust to the regulation.”
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“The law is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas” - Chairman, ICMA
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The 2007 zoning law was initiated by the Public Works Ministry to create a more comprehensive zoning system governing land use in the country. It prohibits coal mining in some forested areas.
However, coal producers said they were unaware of the law’s existence until December, when their applications for extensions of their land-use permits began to be stalled or rejected.
“[The law] is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas,” Bob said.
The APBI also claimed that the law has created confusion at the Forestry Ministry, resulting in a general reluctance to issue any permits because of fears that the issuers could face criminal prosecution if they inadvertently violated the zoning regulation.
The Energy Ministry confirmed last week that operations at the Jorong coal mine in South Kalimantan owned by PT Indo Tambangraya Mega, the country’s fourth-biggest coal miner, had been shut down by police because the company lacked the proper land-use permit.
“A unit of PT Tambang Batubara Bukit Asam, PT Bukit Kendi, has also been closed due to the same problem,” Bob said, adding that other companies had received notice that they should be prepared to shut their operations at some mines if their permits were not approved.
“The association and its members are currently seeking legal advisers to know whether the coal companies could operate within the law or not. We will seek a judicial review with the Constitutional Court if we can’t work under the law,” Bob said.
Indonesia, Asia’s biggest exporter of coal, is expected to produce 280 million tons this year, a 12 percent increase from last year. Coal exports in 2009 totaled $14.85 billion.
Source: The Jakarta Globe
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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
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- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Parliament of New Zealand
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- SMC Global Power, Philippines
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
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- Jaiprakash Power Ventures ltd
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- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
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- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
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