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Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
 Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry of Industry had then called for mining permits to only be granted to investors who are willing to establish smelters and processing facilities domestically. I Gusti Putu Wiriyawan, the Ministry’s Director of Metal Industry stated that efforts should also be made to fend off a scarcity of mining areas, which are now heavily bossed by traders.
He was present at the Ministry for Energy and Mineral Resources on Tuesday, 4 August 2009 to address a discussion on the substance for a draft government regulation as an additional instrument for implementation of the mining law No. 4/2009 (RPP Minerba in its Indonesian acronym).
He mentioned that minerals from the country are exported as raw materials and imported back as processed goods, negatively affecting the competitiveness of Indonesia’s mined products. The new mining law should have aptly governed that mining permits (IUP and IUPK in Indonesian abbreviation) be only given to those willing to develop domestic processing industry. This would eventually lead to support a domestic market obligation (DMO) policy contained in a draft government regulation on mining business.
Mr. Wiriyawan took the example of India who only grant permits to companies who are able to mine and process their mined products. He then mentioned that some local iron ore and iron sand producers could also processed raw products into sponge already. “IUP and IUPK should be given to (companies like) them,” he stated.
He went on to inquire whether a regulation on export verification of mined products could also be included in the RPP Minerba to add to the quality of its legal base.
Source: Tambang
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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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- Globalindo Alam Lestari - Indonesia
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- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
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- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
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- Renaissance Capital - South Africa
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- PetroVietnam Power Coal Import and Supply Company
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- Planning Commission, India
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- Mintek Dendrill Indonesia
- White Energy Company Limited
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- Petron Corporation, Philippines
- Sical Logistics Limited - India
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- Trasteel International SA, Italy
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- Jaiprakash Power Ventures ltd
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- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
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- Port Waratah Coal Services - Australia
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- Chamber of Mines of South Africa
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- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
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- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
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- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
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- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
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- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
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- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
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- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
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- Bukit Makmur.PT - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Minerals Council of Australia
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