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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
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Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
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- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- The University of Queensland
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
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