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Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
 TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s investment target in the mineral and coal sector can be improved.
“The figure does not reflect the reality. Every year, there are thousands of new mines. There should be lots of new investment as well,” Priyo said last weekend.
The Energy Ministry has projected investments in the mineral and coal sector in 2011 will amount to US$3.2 billion. This is not too different from last year’s investment total of US$ 3.18 billion. Besides the investments, the government plans to increase mineral and coal production to meet international market demand.
According to Priyo, the investment value targeted by the government does not have a clear measurement. He even suggested there may be no new investments this year. “As no businessmen have submitted mining applications to the central government, investments this year remain unclear. Several mining companies have submitted applications to the provincial government, but this is not in line with the mineral and coal law,” he said.
The association calculated that this year’s investment could have been higher than the target. For instance, for the mining license arrangement (IUP) alone, the government could earn US$8 billion. “There are 8,000 IUPs currently. If one costs US$1 million, we could be earning US$8 billion,” Priyo said.
Mineral and Coal director general Bambang Setiawan admitted the investment target this year could be more than US$3.2 billion, as set by the government. “The target excludes the mining licenses in the provinces. If we include them, the value could reach US$5 billion,” he said.
In order to reach the target, Bambang plans to form an inventory team which will process and record the investment data in the provinces that have not been monitored properly. “We are not waiting for reports anymore. It is our turn to be proactive so that investment can be monitored and exceeded,” he said.
Source: Tempo Interactive
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Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
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- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Planning Commission, India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Australian Coal Association
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
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