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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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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
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