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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establishment of a privately owned Indonesia Commodity and Derivatives Exchange (ICDX).
The new exchange is expected to help improve the country’s underdeveloped futures market and make the country the fifth largest commodity futures exchange in the world, says Commodity Futures Trading Supervisory Board (Bappebti) head Deddy Saleh.
“We have permitted the establishment of a new exchange … because we’ve seen in the last 10 years that there have been no satisfactory results since the BBJ [Jakarta Futures Exchange] was established [in 2000],” he told reporters during a conference after the official launch of the ICDX.
He said the BBJ should have served as a price reference and a place for hedging but it had failed due to “the absence of competitors and slow management”.
According to Deddy, 98 percent of transactions occurring in the BBJ were alternative trading, such as foreign exchange and indexing, which were yet to be regulated.
“This [ICDX] is privately owned. A private company won’t play around with their capital,” said Deddy.
ICDX president director Megain Widjaja said trading in the ICDX would be transparent as transaction data could be accessed online and later on TV.
“We have cooperated with Bloomberg. But transactions are still closed [for time being] … We’ll later cooperate with Reuters so [transactions] can be accessed online and can be seen on TV and the internet.”
Trade Minister Mari Elka Pangestu, who was also present, said: “The importance of a commodity futures exchange is that transactions will be more liquid, more transparent and [we can be] a price reference,” she said.
She said farmers would have more bargaining power on prices when negotiating with their buyers, and thus, cartel practices — control over prices of a commodity by certain parties — could be avoided.
She also said foreign brokers and market traders were now allowed to trade in the exchange to make the country’s commodity futures exchange perform better.
The ICDX is now trading gold and crude palm oil (CPO) futures contracts.
The ICDX has listed 15 members, seven of whom are CPO producers. The members are PT Wilmar Nabati Indonesia, publicly listed PT Sinar Mas Agro Resources, publicly listed PT Sampoerna Agro, PT Duta Palma Nusantara, publicly listed PT BW Plantation, PT Palm Mas Asri, PT Danpac Futures, PT Valbury Asia Futures, PT Sinarmas Futures, PT Universal Futures, PT Aperdi and PT Monex Investindo.
The senior economist of Standard Chartered Bank Fauzi Ichsan said with Indonesia being the world’s largest CPO producer, “it is time to have a commodity futures exchange”. But, he said, big investors would likely trade in Singapore as the latter’s market was more liquid. “We hope they’re not only listed [in the ICDX] but that they will also trade in Indonesia,” he told The Jakarta Post.
Source: The Jakarta Post
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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
Saturday, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...
Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...
Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...
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- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- The University of Queensland
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
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