We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
 The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 2009 law on environment for two year on fears it will severely hit oil and gas production.
"We have spoken with the coordinating minister for the economy to delay the law for at least two years, so that we can prepare our technology," Evita Herawati Legowo, the director general for oil and gas at the Energy and Mineral Resources Ministry, said in Jakarta late Thursday.
Evita said that the mining companies were now working to adjust mining systems to comply with the law, which could take some time.
"Several contractors would prefer to stop their activities rather than breaking the rules which could mean criminal punishments," she said, adding that oil production could drop significantly due to process changes.
Evita said the Energy and Mineral Resources Minister Darwin Zahedy Saleh has sent a letter to the Coordinating Economic Minister to discuss the issue further.
"The decline in oil production might influence state revenue. So, we have to do something," she said.
Darwin acknowledged that the new law on the environment would be a serious challenge to mining contractors.
"The miners have to allocate additional budgets so that their mining systems protect the environment in the future," he said, adding that the government had to help the contractors, or oil production would drop.
Darwin insisted the government would fight it out to meet the oil production target by improving efficiency, for example, streamlining bureaucratic procedures to enable contractors to curb expenditure.
The new law requires business entities to secure environmental permits before beginning their operations. Permits can be issued by a minister, governor or regent, depending on the area of operation. A failure to secure environmental permits would result in the termination of the business license.
The Energy and Mineral Resources Ministry has said that the implementation of the 2009 environmental law would risk reducing national oil production by up to 40 percent.
This year, the government is targeting to produce 965,000 barrels of oil per day (bpd) as in the 2010 national budget. Last year Indonesia produced about 960,000 bopd.
Some observers have said that ambiguities in the environment law made it difficult for companies to fulfill environmental standards and guidelines set by the new legislation.
The ministry argued that state-owned oil and gas producer PT Pertamina and US based leading oil producer Chevron Pacific Indonesia (CPI) would be the two firms most effected by the new law.
Late Thursday Chevron general manager Bambang Pratesa confirmed the possibility that Chevron oil production could drop more 60 percent this year as the original company target for this year was to produce 400,000 bpd but instead a steep decline is now expected.
"The anticipated Chevron production will be fall to about 125,000 bpd, far down on our original target," Bambang told reporters. Oil and gas have traditionally contributed up to 30 percent of total state revenue.
Source: The Jakarta Post By: Nani Afrida
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
|
|
|
Showing 5741 to 5745 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Economic Council, Georgia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- The University of Queensland
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
|
| |
| |
|
