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Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
 The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining projects, a business association says, as reported by The Jakarta Post.
“The development of new mining projects might be delayed due to the moratorium. Mining projects such as BHP’s project in Maruwai could be affected,” Supriatna Suhala, executive director of the Indonesian Coal Mining Association (ICMA), told reporters Wednesday.
BHP Billiton, the world’s largest mining company, and local partner PT Adaro Energy are developing the Maruwai coal project in East and Central Kalimantan and waiting for forest land-use permits from the government. BHP said their concession held 774 million tons of undeveloped metallurgical and thermal coal.
Supriatna added that the moratorium might also affect the existing companies who need to expand their concessions. “There are some companies whose forest land-use permits will expire within two years. They may have to stop operating,” he added.
The moratorium was still under discussion and the association had submitted their views to the Forestry Ministry, Supriatna added.
In late May, the government signed an agreement with Norway to implement a two-year moratorium on forest conversions to reduce carbon emissions.
In exchange, Indonesia will receive a US$1 billion grant to reduce deforestation.
The government is preparing a presidential decree to implement the agreement.
Indonesia Mining Association (IMA) executive director Priyo Pribadi Soemarno said he was more concerned about the draft presidential decree draft than the agreement with Norway .
“The agreement only says the moratorium is aimed at reducing emission by halting forest use permits for natural forests and peat forests. We fully support this as most mining operations in Indonesia are outside natural forests and peatlands,” Priyo said.
He added that the draft raised more concerns as there was an article stating that the government would review previously-granted concessions.
“This reflects an effort to withdraw what has been given and this will have a bad effect on investment,” Priyo said.
Even without the moratorium, many mining projects, such as the $500 million zinc and black tin project by Dairy Prima and the Elang copper project by PT Newmont Nusa Tenggara, have been in limbo for years due to permit problems, he said.
Both projects are stuck because the permits have not been granted yet by the government.
Priyo said that eight projects were in a similar situation.
“Around $14 billion in potential investment in these projects have been delayed due to this problem,” he said.
Masnellyarti Hilman, a deputy minister for nature conservation enhancement and environmental degradation control at the Environment Ministry said that the conflict between mining activities and environmental issues have always been one sided.
“We always talk about the mining sector contribution to the state budget, but we never discuss on how much the government has to spend for disasters caused by environmental damage,” she said.
Source: The Jakarta Post
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Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
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- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- The University of Queensland
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Mjunction Services Limited - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
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