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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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Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, ...
Thursday, 05 January 12
DRY BULK MARKET TAKES A PLUNGE OF LOW ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected the first days of the new year are characterized by significantly low chartering across the board of the dry bulk market, pus ...
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- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
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- Chamber of Mines of South Africa
- White Energy Company Limited
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- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
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- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
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- SMC Global Power, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
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- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
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- Australian Coal Association
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- Georgia Ports Authority, United States
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- IEA Clean Coal Centre - UK
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- Energy Link Ltd, New Zealand
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- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
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- Gujarat Electricity Regulatory Commission - India
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- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
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- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
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- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
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- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
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- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- The University of Queensland
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- New Zealand Coal & Carbon
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- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
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- Eastern Energy - Thailand
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- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
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- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
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- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
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