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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, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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Showing 6006 to 6010 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Trasteel International SA, Italy
- PTC India Limited - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
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