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Wednesday, 22 February 12
RAW COMMODITY EXPORT BAN SPARKS SMELTER BUILDING BOOM IN INDONESIA ANTARA / THE JAKARTA GLOBE
 Antara / The Jakarta Globe reported that, as the government gears up to ban all exports of unprocessed commodities, Indonesia will see 12 new smelters in operation by the end of 2014, a senior ministry official said on Tuesday.
The smelters, which will help process the nation’s mineral and coal output, are owned by local and international companies, said Thamrin Sihite, the director general of mineral and coal at the Ministry of Energy and Mineral Resources.
In Cilegon, Banten province, steel billets producer Indoferro will build a smelter with a processing capacity of up to 500,000 tons of sponge iron per year. It is expected to be in operation sometime this year, Thamrin said.
DH Energy and its affiliated coal miner will also build a coal upgrading facility to produce up to five million tons of high-calorific value coal products for the export market by 2013.
State-miner Aneka Tambang (Antam) will build smelters in Halmahera, North Maluku, to produce 27,000 tons of ferronickel annually; in North Konawe, Southeast Sulawesi, for 120,000 tons of “pig iron” annually; and in Mempawah, West Kalimantan, for one million tons of smelter-grade alumina. The smelters are expected to be ready in 2014.
Ferronickel, pig iron and smelter-grade alumina are all processed commodities .
A joint venture between Antam and two Japanese companies, Showa Denko and Marubeni Corporation, will produce 300,000 tons of chemical-grade alumina annually with a smelter in Tayan, West Kalimantan.
Krakatau Steel and South Korea’s Posco are also teaming up to build a plant that will produce 3.5 million tons of steel plate, 2.5 million tons of slab steel and 3 million tons of hot rolled coil. Operations are targeted to begin in 2014.
The government earlier this month issued a regulation to implement a new law that will ban the export of unprocessed commodities.
The ban will begin in May for miners in the processing stage and in three years for those in the exploration stage.
Companies that breach the regulation will face sanctions,including the revocation of their mining licenses and the suspension of their shipping activities.
The government said earlier that it expects all raw minerals to be processed prior to shipment by 2014.
Source: Antara / The Jakarta Globe
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Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
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- Jaiprakash Power Ventures ltd
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- Ministry of Finance - Indonesia
- Planning Commission, India
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- CNBM International Corporation - China
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- Electricity Authority, New Zealand
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- Medco Energi Mining Internasional
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- Eastern Energy - Thailand
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- European Bulk Services B.V. - Netherlands
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- Indonesian Coal Mining Association
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- Minerals Council of Australia
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- Renaissance Capital - South Africa
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- GMR Energy Limited - India
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- Baramulti Group, Indonesia
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- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
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