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Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
 The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently become marred by unabashed exchanges of threats between government officials.
Rudi Rubiandini, the newly appointed deputy energy and mineral resources minister, said Japan had sent a letter stating that it would ban photocopy paper imports from Indonesia should the country go ahead and tax metal ore exports.
Japan, the world’s second-largest nickel consumer, previously threatened to file a complaint with the World Trade Organization (WTO) in response to new changes in Indonesia’s mineral trade policy.
On May 6, the government issued a regulation that introduced tougher requirements on the exportation of 65 types of raw minerals — excluding coal — and imposed a 20 percent export tax. The regulation is deemed necessary to curb overexploitation of resources ahead of the full implementation of a ban on raw mineral exports in 2014 as demanded by 2009 Minerals and Coal Mining Law.
The government has encouraged companies to either build smelters, either individually or through joint ventures, or make other plans for processing raw minerals.
In response to Japan’s threat of barring photocopy paper imports, Rudi said Indonesia could easily retaliate by cutting supplies of liquefied natural gas (LNG) to Japan.
According to ministry data, last year, Indonesia produced 362 LNG cargoes. Japan was the largest buyer, purchasing 172 cargoes, followed by Korea with 68 cargoes, the US (55), China (35) and Taiwan (32).
Other data show that in the first four months of this year, Indonesia exported 2.72 million tons of gas worth US$2.43 billion or 18.65 percent less than the $2.99 billion in the same period last year.
Based on Trade Ministry data, between January and April 2012, Indonesia exported more than 173 tons of photocopy paper to Japan. Total exports were valued at US$207.07 million, up 15.52 percent compared to the same period last year.
Trade Ministry director general for foreign trade Deddy Saleh said on Friday that the ministry had not decided to take any action in response to the photocopy paper threat.
“Japan has not filed an official complaint with us. So we are just going to wait and see,” Deddy said.
Experts say that Japan’s desperate response to the new Indonesian policy was an indication of Japan’s high dependence on raw materials to sustain both exports and the lifestyles of Japanese people.
Toshio Nakamura, the general manager of stainless raw materials at Mitsui & Co., was quoted by Bloomberg news service recently as saying that no other countries could immediately replace Indonesia in terms of raw material supplies.
Takayuki Ueda, the director general of the manufacturing industries bureau of Japan’s Trade Ministry, said that Japan would prefer to negotiate a solution to prevent a full ban on mineral exports.
However, he said, Japan might file an objection with the WTO should Indonesia proceed with a complete ban.
Utama Kajo, head of the Indonesian Chamber of Commerce and Industry’s (Kadin) standing committee on investment, human resource development and small and medium enterprises, said he was not worried that the rift would affect other sectors in the trade relations between the two countries.
“This is only a small-scale argument. It will not matter much if Japan stops photocopy paper exports because Indonesia can send it elsewhere, for example, to China or South America,” he said.
Utama suggested that Japan build smelters in Indonesia to process metal ore. Furthermore, he reminded the Indonesian government to think twice before making threats about cutting off the gas supply as it would only harm Indonesia.
“We can’t just cut off the supply because the countries have signed long-term contracts. We would risk being reported to the WTO,” he said.
Avilian, an economist at the Institute for Development of Economics and Finance (Indef) who is also a commissioner at one of the country’s biggest lenders, Bank BRI, said she doubted that the bickering between state officials would damage the long standing relations between Indonesia and Japan.
“We have had good relations so far. This is a small problem and can be addressed by the officials. Indonesia and Japan need each other,” she said.
Source: The Jakarta Post
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Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
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- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- The University of Queensland
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
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