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Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
 The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed strategically important to take place in protected forests.
The decree, which took effect on Feb. 1, is certain to anger environmental groups given that the country already has one of the fastest rates of deforestation in the world.
“The use of forest areas for development activities can be done for unavoidable strategic purposes,” said the decree, which said key development projects included power plants, renewable energy, toll roads and train lines.
The decree said open-pit and underground mining could take place in production forests, which is a forest area considered neglected or abandoned after trees have been cut.
“In a protected forest, mining can be done through underground mining,” the decree said.
The decree defined mining activities as including oil and gas, minerals, coal and geothermal.
Yudhoyono has pledged to cut red tape and prevent overlapping regulations from slowing down projects ranging from mining to toll roads. Increasing exploitation of mineral resources and speeding up infrastructure development are seen as keys to boosting growth and creating jobs.
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“President has pledged to cut red tape and prevent overlapping regulations from slowing down projects ranging from mining to toll roads”
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State-owned oil and gas company PT Pertamina has urged the Forestry Ministry to allow geothermal activities in protected forests as most of the country’s geothermal reserves are located in these areas.
There has frequently been confusion over whether companies can exploit resources in forest areas, with various ministries requiring permits.
The Forestry Ministry recently asked Freeport McMoRan Copper and Gold to submit a request to use land in a protected forest area, a ministry official said on Tuesday. Freeport operates the huge Grasberg copper and gold mine in Papua. Grasberg has the world’s largest recoverable reserves of copper and the largest gold reserves.
In 2004, the government allowed 13 mining firms, including Freeport, to continue mining operations after the introduction of a law in 1999 that banned open-pit mining in forested areas.
Last month, police temporarily shut the Jorong coal mine in Kalimantan operated by a unit of Thailand’s top coal miner, Banpu, over a permit problem. Banpu said the closure would only have a slight impact on production at its domestic unit, PT Indo Tambangraya Megah.
Indonesia has struggled to attract fresh investment into mining, as well as for developing new oil and gas fields, partly due to uncertain regulations and red tape.
The government has previously said it expected mining investment to hit $2.5 billion this year, up from $1.81 billion in 2009, supported by greater certainty after the introduction of new mining regulations.
Source: The Jakarta Globe
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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Showing 5906 to 5910 news of total 6871 |
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- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
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