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Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part because of a greater degree of certainty following the enactment of the mining law, the Investment Coordinating Board (BKPM) says.
“The investment will come from all activities in mining including smelting,” BKPM chief M. Lutfi said, adding that the lion’s share would come from several large mining projects.
Those projects include a $4.6 billion nickel smelting plant in Halmahera, North Maluku, being built by a consortium of the state-owned PT Aneka Tambang (Antam) and three foreign companies.
Another project is a nickel project on Gag Island off Papua, which is also partly owned by Antam, Lutfi added.
Indonesia, the world’s largest archipelago, is rich in various mining resources including gold, copper, tin, coal, bauxite and nickel. However, investment in this sector has not fully recovered from the regional financial crisis of the late 1990s.
Last year, investment reached about $1.35 billion, 2.5 percent more than the $1.25 billion booked one year earlier.
As for this year, the government expects mining and geothermal projects to attract $2.15 billion worth of investment.
Of this target, around $250 million was secured in the first quarter of this year.
However, things would improve gradually in the following years with the enactment of the 2009 Mining Law, which has provided certainty for investors in the sector, Lutfi said.
Among other things, the law requires miners to process their metals domestically. For the existing contracts, miners have been given five years to prepare smelters.
Bambang Setiawan, the director general for coal, minerals, and geothermal energy, said the regulation would develop the sector’s downstream businesses.
“Smelter operators do not need to mine the minerals by themselves. They can source them from other areas and process them in Indonesia.
“This will help small miners, because they have no capacity to build smelters by themselves,” Bambang said.
The government plans to issue a ministerial regulation setting out specific levels of processing required for each commodity, he added.
“Not all commodities can be processed to become end products. It would not be economically viable to build smelters for commodities that we only have small reserves of,” Bambang said.
Source: The Jakarta Post
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Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Minerals Council of Australia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
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