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Monday, 05 March 12
SOME RESOURCE TITANS NOT THRILLED WITH INDONESIAN EXPORT BAN - THE JAKARTA GLOBE
 The Jakarta Globe reported that, local representatives of major business associations in East Kalimantan have protested a government regulation that will ban the export of raw materials and unprocessed commodities, including coal.
The paper further reported, “We explicitly refuse this policy. This will cause many coal mining companies to collapse,” Slamet Brotosiswoyo, the head of the Indonesian Employers Association (Apindo) in East Kalimantan, said on Monday. “This policy was made in a rush and we believe the government must review it.”
Last February, the government issued a ministerial regulation to implement a new law that would ban the export of unprocessed commodities.
The idea is that Indonesia can better capitalize on its natural resource wealth by ensuring that value-adding processes take place within its borders.
Under the regulation, after May 7 no new contracts for exporting raw materials can be signed. The export ban will go into effect in 2014 for all companies, no matter what their existing contract of work stipulates.
East Kalimantan’s resources are exploited by some of the country’s biggest coal companies, such as Bumi Resources unit Kaltim Prima Coal, Harum Energy and Berau Coal. In 2011, the province earned $36.33 billion from coal exports, or 95 percent of its total export earnings. Palm-oil was second with less than 2 percent.
Slamet said the coal export ban was unrealistic. Most producers in East Kalimantan ship their coal overseas, especially to China and India. He doubted the local market had the capacity to handle the raw goods.
He added that many producers had already signed contracts with overseas buyers to sell unprocessed coal, and revising the contracts could be problematic.
“Again, this regulation must be delayed,” Slamet said.
H.M. Fauzi A. Bahtar, chairman of Indonesia’s Chamber of Commerce and Industry (Kadin) in East Kalimantan, said adjusting to the new rules could pose problems not only for companies built around the status quo but also for ones doing business with them.
“The spirit of the regulation is good, but it must consider the capability of the country’s businesses,” he said. “Large investments have been made. If these companies have to bear the losses, it will have a massive multiplier effect.”
Industry Minister M.S. Hidayat said officials from India had questioned the new law.
“They asked why the existing policy had to be changed,” he said on Monday after meeting with a delegation from India led by Anand Sharma, the country’s trade and industry minister.
Hidayat said he asked the Indian delegation to build smelters in Indonesia to comply with the new regulation.
“They were critical of it, but I said this was for the sake of Indonesia’s national industrial growth,” he said.
Japanese investors have also questioned the new policy, but Hidayat said he had similarly advised them to build smelters here.
Indonesia will see 12 new smelters in operation by the end of 2014, Thamrin Sihite, director general of mineral and coal at the Energy and Mineral Resources Ministry, said in February. The smelters, which will help process the nation’s mineral and coal output, are owned by local and international companies, he said.
One local company, DH Energy, and its affiliated coal miner plan to build a coal upgrading facility able to produce up to five million tons of high-calorific coal products annually for the export market by next year.
Companies that breach the regulation will face sanctions, including the revocation of their mining licenses and the suspension of their shipping activities.
Source:The Jakarta Globe (By- Tunggadewa Mattangkilang Additional reporting by Damiana Ningsih Simanjuntak/Investor Daily)
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Monday, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
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- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Planning Commission, India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Australian Coal Association
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- MS Steel International - UAE
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
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