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Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
 The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to submit a comprehensive plan to face the implementation of the ban on metal ore exports starting in 2014 or risk having their export permits revoked.
The paper further said, energy and Mineral Resources Minister Jero Wacik said the government would set up a team to review the proposals submitted by the companies. If the proposals were deemed “unreasonable” or “half-hearted”, the government would impose the export permit revocation.
“This is one of our strategies to ensure the mandates of the 2009 law on minerals and coal is upheld. Mining companies should have good faith in preparing the way for the raw-materials export ban,” he announced at a press conference at his office on Monday.
The ban on metal-ore exports was initially to be implemented three months after the ministry issued the regulation on Feb. 6. However, with the limited amount of smelting facilities in the country, the government acknowledged that the plan was not realistic and decided to grant a grace period for mineral producers to formulate contingency plans, which could include establishing smelter companies.
Coal and minerals director general Thamrin Sihite said the aim of the export ban was not to oblige all mining companies to individually establish smelters. If the production was too small for a smelter’s economic scale, the company could set up a consortium with several other companies to build a smelter together.
“Several investors have also expressed interest in building smelters in the country, however, they have requested a guarantee that they will access sufficient supply of raw materials,” he said.
Thamrin said the export ban was necessary given the fact that over the past several years Indonesia’s metal ore exports had increased rapidly.
“The pace of the export increase is rather scary,” he said after the press conference.
The ministry’s data shows that in 2011 Indonesia’s bauxite exports reached nearly 40 million tons, jumping from 27 million tons in 2010, 16 million tons in 2009 and 13.5 million tons in 2008.
For iron ore, exports hit 13 million tons in 2011, up significantly from 8 million tons in 2010, 7 million tons in 2009 and 2 million tons in 2008.
The same trend is also seen in nickel. Nickel exports were 33 million tons last year, rising steeply from only 17 million tons in a year earlier. The export level was 11 million tons in 2009 and 4 million tons in 2008.
Indonesian Mining Association (IMA) executive director Syarir AB said the association would fully back the government’s strategy. He argued that companies should have already been ready with comprehensive proposals a long time ago.
“The time limit isn’t three months. Mineral mining companies should have had plans in 2009 when the Mineral and Coal Law was first enacted,” he told The Jakarta Post over the phone.
Source: The Jakarta Post (By:Rangga D. Fadillah)
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Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
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- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- White Energy Company Limited
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
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