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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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Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
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- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
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- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
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- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
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- White Energy Company Limited
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- Neyveli Lignite Corporation Ltd, - India
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- Energy Link Ltd, New Zealand
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- Mjunction Services Limited - India
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- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
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- SMG Consultants - Indonesia
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- Parliament of New Zealand
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- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
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- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
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- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
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- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Australian Coal Association
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
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- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
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- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
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- Intertek Mineral Services - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
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- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
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- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
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- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
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