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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’ complaints about the length of contracts.
Speaking to reporters after meeting investors on Wednesday, Darwin said miners such as France’s Eramet were worried about the future of their projects because the law limits exploration licenses to eight years and production contracts to 20.
“Eramet wants licenses to last 50 years,” Darwin said.
“The concern was not only from Eramet but also from others investors, both national and foreign,” he added.
Darwin said the ministry would send a request to the House of Representatives this month asking that the law be amended to increase contract durations, but he offered no further details.
Bambang Setiawan, director general of coal, mineral and geothermal energy at the ministry, said on Wednesday that the mining law and its implementing regulations had done little to reassure companies operating here.
“This has created confusion for the investors,” he said.
He added that another cause of concern was the law’s domestic market obligations requiring mining companies to set aside a portion of their output to meet local demand, as well as the requirement for foreign investors to have a local partner.
The Energy Ministry has set a target for investment in the sector to increase by 56 percent from $18 billion in 2009 to $28 billion this year, including $2.5 billion in the mining sector.
The country has been struggling to secure investment to accelerate economic growth to between 6 percent and 7 percent a year. The tangle of laws and regulations has left many potential investors sitting on the sideline. The economy this year is expected to grow by about 5.5 percent.
Source: The Jakarta Globe ( By: Reva Sasistiya)
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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Australian Coal Association
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- The University of Queensland
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
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