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