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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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Thursday, 19 January 12
14TH VOGP MEETING IN HO CHI MINH CITY HANDS OUT LATEST UPDATES AND DEVELOPMENTS IN VIETNAM'S ENERGY INDUSTRY
Press Release: At upcoming 14th Vietnam Oil Gas Power on 27-28 Feb in Ho Chi Minh City the industry’s most influential names including Petrovi ...
Thursday, 19 January 12
DELTA DUNIA SEALS US$820 MIO CONTRACT INSIDER STORIES
Insider Stories reported that, PT Delta Dunia Makmur Tbk (DOID) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ( ...
Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past ...
Wednesday, 18 January 12
DRY BULK MARKET'S DRAMA CONTINUES IN START OF NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of newbuilding deliveries, coupled with a slow start to the new year, a typical trend for the dry bulk market, has led the industry's benc ...
Monday, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...
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- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Australian Coal Association
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
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