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Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Monday, creating more uncertainty for a sector that is already struggling to attract new investment.
The government has been drafting regulations on the new mining and coal law passed in December 2008 for presidential approval, and had said they should be issued by October when a new administration under President Susilo Bambang Yudhoyono is due to start a second term.
Bambang Gatot Ariyono, director of mining and coal production at the energy and mines ministry, said ministries including the forestry and finance Ministry with vested interests in the regulations had yet to respond to the drafts proposed by his office.
"Looking at the progress, we doubt the regulations can be completed this year," said Ariyono, who did not say when he thought the regulations were likely to be completed.
For a factbox on the draft regulations of Indonesia's new mining law
Issuing the regulations is seen as crucial to providing more certainty for mining investors in Southeast Asia's biggest economy.
But analysts have said it may take more time to issue the regulations. In the case of an oil and gas law passed in 2001, it took three years to issue the implementing regulations.
With the delay, the sector is unlikely to see fresh investment in the near future as the government has frozen new mining permits until the regulations are finalised and there may be further delays under a new government.
President Yudhoyono may create new ministerial posts to spur development of the natural resources sector, sources told Reuters.
One idea being considered is to establish a new co-ordinating minister for resources and also to separate the energy and mining portfolios, with the co-ordinating minister overseeing these, as well as agriculture, forestry, and environment, a source said.
The Indonesian Mining Association has said mining investment would fall below $1 billion this year due to uncertainty over the new mining law, although the government says investment from mining -- including geothermal -- could surpass $2 billion.
A combination of low metal prices and uncertainty over the new mining and coal law has prompted some companies to shelve their investment plans since last year.
BHP Billiton scrapped a study to develop an integrated nickel project in eastern Indonesia and also decided it would not go ahead with a coal mine in Central Kalminantan. Chinese firm Tsingshan Mineral Company Ltd had scrapped a $500 million nickel project in North Maluku in Indonesia
Source: Reuters
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Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
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- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Planning Commission, India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
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