We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
|
|
|
Showing 5896 to 5900 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
|
| |
| |
|
