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Wednesday, 05 October 11
MINISTRY STICKING TO RAW COMMODITY EXPORT BAN DESPITE INDUSTRY FEARS - JG
The Jakarta Globe, the one of the leading English news paper in Indonesia, reported that, the details of a controversial new regulation that would ban the export of raw commodities from 2014 are set to be released later this year.
“Our target is to issue a ministerial regulation by the end of this year,” said Thamrin Sihite, director general of minerals and coal at the Energy Ministry.
“We are holding discussions with businesses and business associations this month. After that, we will hold a large-scale group discussion before posting the ministerial regulation,’’ Thamrin said .
The government is drafting a regulation that would require all miners to process raw commodities, ranging from precious metals such as gold to base metals such as tin, before being shipped overseas.
The regulation is designed to boost the downstream mineral processing industry, preventing the nation from merely being a quarry for other economies by forcing companies to build smelters and processing facilities.
Some of the world’s biggest miners operate in Indonesia. Among them are Freeport McMoRan in Papua and BHP Billiton in Kalimantan.
The regulation would set minimum standards for the quality of coal exported, Thamrin said. The regulation would require coal to be of an energy density of at least 5,700 kilocalories per kilogram.
“The quality of coal below that ceiling should be discussed further,’’ Thamrin said.
The official said several miners, including Aneka Tambang, agreed with the regulation.
However, Supriatna Suhala, executive director of the Indonesian Coal Mining Association (APBI), said several coal miners opposed the plan. Those miners say building a smelter or other facilities would require costly investments in technology.
Arutmin Indonesia, a subsidiary of coal miner Bumi Resources, and Japanese steel manufacturer Kobe Steel are jointly constructing a smelter that will transform brown coal into higher-quality coal.
Dileep Srivastava, a director at Bumi Resources, said in July that the company would build a smelter for $150 million.
The smelter is expected to process one million tons of low-grade coal — which has a high moisture content — into higher-grade coal each year.
Aneka Tambang has teamed up with French mining group Eramet and Japan’s Mitsubishi Corporation to construct a $4.6 billion smelter servicing the Weda Bay Nickel project in Maluku.
Source: The Jakarta Globe (By-Ririn Radiawati Kusuma)
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Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
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- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- The University of Queensland
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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