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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, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- The University of Queensland
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- ASAPP Information Group - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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