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Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
 The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 Minerals and Coal Law, due to lack of incentive and unclear government policies, the Association of Indonesian Mining Professionals says.
The law stipulates that all mining companies are obliged to process their mining products in the country by no later than 2014. The law aims to promote the added value of the mining operations to the country’s economy.
Mining association chairman Irwandy Arif told The Jakarta Post that without attractive incentives, he was pessimistic that the companies would seriously comply with the law, moreover, the punishment for infringement was only administrative.
“Currently, only a company or two have seriously prepared to enter the downstream industries,” he said on the sidelines of the 4th Added Value Mining Indonesia Conference, Workshop and Exhibition at Ritz-Carlton Hotel in Jakarta on Thursday. He added that several companies had developed research or pilot projects to produce derivative products of their commodities, but claimed that none were ready to develop the products on an industrial scale.
Irwandy urged the government to create clearer guidelines and policies for companies to develop the downstream industries.
He said that a working group from his association was currently assisting the Energy and Mineral Resources Ministry in deliberating a new ministerial decree on detail rules and strategies to develop mining downstream industries.
“The draft will contain explanations on mechanisms on how mining companies should process their products,” he said. He took the example of the nickel commodity that he proposed had to be processed minimally into ferro or matte nickel.
Director General of Manufacturing Industry Base (BIM) for the Industry Ministry Panggah Susanto said that another factor hindering the development of the mining downstream industries was the uncertain supply of raw materials due to the country’s upstream industries low capacity as many mining companies exported their mineral production.
“Our industries [including mining] depend heavily on imported raw materials,” he said. He added that the government was seeking the best way to develop the capacity of upstream industries in supplying raw materials for downstream ones.
Beside the raw materials, energy supply, particularly electricity and gas, also became one decisive factor as to why investors and companies were reluctant to engage in mining downstream industries.
To tackle this problem, the government is now promoting the public-private partnership scheme to accelerate the development of infrastructure by focusing on energy and transportation sectors.
Panggah said the development of the mining downstream industries was vital to increase the country’s product competitiveness. He emphasized that in the current free-trade era, the country had to consistently improve the value and quality of its products to compete with more advance industrialized countries.
“We’re committed to supporting the development of the downstream industries by facilitating all proposal of incentives, developing human resource quality and promoting investments,” he emphasized. (rdf)
Source : The Jakarta Post
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Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
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- Rio Tinto Coal - Australia
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- Coalindo Energy - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
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- Neyveli Lignite Corporation Ltd, - India
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- Power Finance Corporation Ltd., India
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- Tata Chemicals Ltd - India
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- LBH Netherlands Bv - Netherlands
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- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
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- Parliament of New Zealand
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- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
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- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
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- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
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- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
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- Global Coal Blending Company Limited - Australia
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- Videocon Industries ltd - India
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- Semirara Mining and Power Corporation, Philippines
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- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Economic Council, Georgia
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- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
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- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- CNBM International Corporation - China
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- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
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