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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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Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
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- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
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