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Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
 The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in preparing the implementing regulations needed to make the revised mining law effective.
“The formulation of the implementing regulations involve various departments. Thus, I cannot guarantee the implementing regulations can be finished by January next year,” said Witoro Soelarno, the secretary to the directorate general for minerals, coal and geothermal energy at the Energy and Mineral Resources Ministry.
Under the new mining law, endorsed by lawmakers in December last year, the government is required to issue four implementing regulations respectively for mining areas, coal and minerals businesses, mining supervision and finally on reclamation and post-mining issues.
The law also requires that the implementing regulations be issued within one year of its enactment Witoro said the draft regulations involved several difficult points.
“One of the complicated issues that we have yet to reach an agreement is about land planning.” The Indonesia Mining Association (IMA) executive director, Priyo Pribadi Soemarno, said a delay in the issuing of implementing regulations would obviously slow investment.
“This will create uncertainty for investors, and they will miss the momentum for investment,” he said.
According to Priyo, the lack of legal certainty will affect both existing contract holders and those seeking to obtain mining licenses.
In an earlier interview, Priyo said there were five mining projects already in the pipeline but on hold due to problems with license approvals from both central and regional governments. The projects are estimated to have an investment value of between US$8 and $10 billion.
These investments include Rio Tinto’s nickel project in Central Sulawesi; PT Dairi Timah Mineral’s zinc and lead project in North Sumatra; and PT Meares Soputan Mining’s gold project in North Sulawesi. Two other projects are those operated by state mining company PT Aneka Tambang (Antam); a bauxite project in Tayan, West Kalimantan, and a nickel project in Buli, Halmahera.
This year the government expects to book a modest $2.15 billion in investment in the mining sector, up from $1.65 billion last year.
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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- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Australian Coal Association
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
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