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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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Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...
Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8 ...
Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Mini ...
Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entitie ...
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- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- The University of Queensland
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
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