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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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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Australian Coal Association
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- The University of Queensland
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
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