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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, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
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- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
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