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Thursday, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
 The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the development of the nation’s industries and power infrastructure would not be threatened by the moratorium on deforestation announced during the president’s visit to Oslo last week.
Meanwhile, businesses complained about the moratorium, saying there were not consulted or even informed, and warned of falling coal and palm oil output, as well as the effect on the investment climate.
Agus Purnomo, head of the National Climate Change Council, clarified how the government would treat companies with existing permits to develop natural forests and peatlands after worrying businesses on Monday with comments that some of the licenses would be revoked.
On Tuesday, he explained that license holders who had already initiated work on their concessions could continue, while those who did not must relocate but would be compensated with permits for other sites.
“Our goal is to save the remaining primary natural forests and peatlands, not to make life difficult for everyone,” Agus said.
He added that the government would provide additional information to permit holders regarding their concessions within the next six months.
Meanwhile, Coordinating Minister for the Economy Hatta Rajasa said construction of new power plants and other small-scale developments would continue despite the moratorium.
“Sectors that only require small-scale land will still be allowed to continue operating, such as sectors related to infrastructure, meaning power plants,” Hatta said.
He also responded to concerns that the moratorium would threaten plans to secure the nation’s food supply through agro-development, including the massive food estate planned for Merauke, Papua.
“The new scheme will not affect our food and commodity supply because it will only cover primary forests, and there are about seven million hectares of land outside of these forests that can be used for fulfilling our requirements,” he said.
President Susilo Bambang Yudhoyono last week agreed to a two-year moratorium on the clearing of natural forests in exchange for $1 billion in financial compensation from Norway as part of efforts to fight climate change. Indonesia ranks third globally in carbon emissions, mostly from deforestation.
The Indonesian Coal Producers Association (APBI) warned on Monday that the moratorium could cut production, even as national coal demand is expected to double over the next five years. Bob Kamandanu, chairman of the group, told Reuters that the country’s new environmental laws were the “biggest issue facing the industry” in Indonesia, the world’s largest exporter of power-station coal.
Similarly, the Indonesian Palm Oil Board (DMSI) said the moratorium could cut the industry’s expansion rate in half over the next decade.
On Tuesday, Didiek Goenadi, a senior official with Investment Coordinating Board (BKPM), said forests and peatlands that hold large carbon reserves can still be preserved while giving planters an option to swap out to degraded land, Reuters reported.
“We can help save forests and achieve our target of 40 million tons of crude palm oil by 2020. It is achievable,” Goenadi said.
The Indonesian Chamber of Commerce and Industry (Kadin) complained on Tuesday that the government did not give the business community advance warning of the moratorium, and said that such unpredictability could hurt the nation’s overall investment climate.
“We just knew about the decision in Oslo from the media. There was no publication at all before it,” said Adi Putra Tahir, Kadin’s acting chairman.
Adi said the chamber did not necessarily oppose the moratorium, and noted potential economic benefits derived the climate change fight. But he questioned the impact on investment, a large part of which goes to developing forested lands for large-scale food crop estates, mining sites and seed oil plantations.
Source: The Jakarta Globe
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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- VISA Power Limited - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- White Energy Company Limited
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
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