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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, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Planning Commission, India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
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