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Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
 The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t — controversial Energy and Mineral Resources Minister Purnomo Yusgiantoro bid all his employees goodbye on Monday, and hinted that he wouldn’t be back in the job after a new cabinet is named later this month.
After nine years at the powerful ministry, which oversees trillions of rupiah in energy investment and revenue, Purnomo told his subordinates that it was time for him to give up his post.
“Nothing lasts forever. Everything has an end,” he said. “Please forgive all my faults during my term at the ministry.”
Purnomo has occasionally expressed his desire to resign from the post over the years, but has held on to the position anyway.
However, when later asked whether this “goodbye” meant he was likely to leave the government for good, Purnomo refused to comment, saying it was “up to the president” to decide.
Speculation is increasing that the government may create a higher coordinating ministry to oversee the country’s natural resources. Purnomo has been mentioned as a possible candidate for the job. He is also believed to be lobbying for the posts of either trade or industry minister, two separate positions that may also be merged under the new government.
Analysts have said Purnomo may have a chance to fill the position of chief economics minister if acting minister Sri Mulyani Indrawati is made to vacate the post.
Raden Priyono, the head of upstream oil and gas regulator BPMigas, said he believes Purnomo would most likely take on a more senior position, while his current director general, Evita Legowo, would replace him. “Evita will most likely be the new energy minister,” he said.
Waryono Karyono, secretary general at the Energy Ministry, concurred that Evita was Purnomo’s most likely replacement.
Evita declined to comment.
Two analysts criticized Purnomo’s performance as energy minister, saying they would be glad to see him go. Kurtubi, an independent energy analyst, said oil and gas output consistently declined during Purnomo’s tenure, from more than a million barrels in 2000 to 960,000 barrels currently . “Purnomo has failed to increase investment in the sector. Meanwhile, state revenue from energy resources kept decreasing,” Kurtubi said.
“Domestic needs were not covered well under Purnomo’s rule,” said Pri Agung Rakhmanto, an energy analyst at the Reforminer Institute. “That is why Indonesia is suffering from an energy crisis.”
Source: The Jakarta Globe
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Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
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 Mond ...
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- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
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