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Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the realization of private investment in the sector through various programs and regulations.
“Increasing production has been our concern and challenge. We must accelerate investment realization in exploration production and in infrastructure both for storage and distribution,” Darwin said during his inauguration ceremony Thursday.
The government initially expected to book up to US$25 billion investment in the sector, but later on the target was revised down to $18 billion due to the global crisis.
“I will continue what good aspects have been achieved and improve what needs to be improved,” Darwin said.
As a new minister, Darwin will be challenged to get the energy and mining sector to contribute more than 30 percent of the state revenue. In the oil and gas sector, he must work hard to anticipate declining oil production due to aging fields.
As for the mining sector, he must convince investors to comply with the enactment of the new mining law. He is also expected to solve the country’s increasing power deficit problem.
“We face tough challenges, but with good will and cooperation I am optimistic that we can triumph.”
Darwin is head of economic division at President Susilo Bambang Yudhoyono’s Democratic Party. His appointment as the energy and mineral resources ministry was unexpected to practitioners and analysts alike as he is relatively unfamiliar to the sector.
“To be honest, I was not aware of him before, but I expect he will do the best for the ministry,” said a ministry’s high-ranking official who refused to be named.
Energy analysts voiced similar arguments.
“I never heard any of his views on how to manage the sector.
But, hopefully with his doctorate in economics he can learn fast about urgent problems in the sector and will come up with accurate solutions,” energy analyst Kurtubi said.
Observer Pri Agung Rakhmanto of the Reforminer Institute said Darwin might need support from experts in the sector.
Former energy and mineral resources minister Purnomo Yusgiantoro said he believed Darwin could lead the ministry.
“He has a very strong educational background,” said Purnomo, now the new defense minister. In an earlier interview, Darwin said he was not a totally new face in the sector.
“In my early career at Bank Duta, I was in charge of lending credits to oil and gas companies. I know the business network from this experience.”
Darwin, born on Oct. 29, 1960, graduated from the University of Indonesia’s (UI) Economics Faculty in 1986 and later completed his masters study on business administration at Middle Tennessee State University, US, in 1994. This year he completed his doctorate program on finance and management, also at UI.
His employment history includes: dean’s senior advisor at UI’s economics faculty from 2006 until present, head of the economic and finance division of the Democratic Party from 2005 until present, deputy dean of UI’s faculty of economics from 2005 to 2006 and chief economist and investment banking director at PT Bahana Securities from 2000 to 2003.
Source: The Jakarta Post
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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Bahari Cakrawala Sebuku - Indonesia
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- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
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- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
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- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
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- Australian Commodity Traders Exchange
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- Parry Sugars Refinery, India
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- Medco Energi Mining Internasional
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- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
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- Deloitte Consulting - India
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- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
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- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
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- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- The University of Queensland
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
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- MS Steel International - UAE
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- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Minerals Council of Australia
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- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
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- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
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- Larsen & Toubro Limited - India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
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- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
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- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
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- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
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- VISA Power Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
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- Miang Besar Coal Terminal - Indonesia
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