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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, 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 ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- The University of Queensland
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Planning Commission, India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
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