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Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent report by the Supreme Audit Agency (BPK) highlighting poor management of mining operations by some mining companies.
Bambang Setiawan, director general for coal, minerals and geothermal at the Energy and Mineral Resources Ministry, said Monday evening that the presidential regulation was important as it would bring new legal certainties to underground mining operations.
"This regulation will not violate the existing law *the Forestry Law*, which only forbids open-pit mining in forests, not underground mining," Bambang said.
Energy and Mineral Resources Ministry Purnomo Yusgiantoro said that underground mining might be very costly, but would be worth the investment. "No problems with the higher cost as long as it provides higher profits," Purnomo said.
He added several protected forest areas were predicted to contain high reserves of coal and minerals. "Take the example of forests in Kalimantan, *where* the areas are estimated to contain huge reserves of coal."
Purnomo and Bambang did not specify when the regulation would be issued, saying only that this was under the president's authority.
Separately BPK lambasted the management of some mining operations in its audit report on coal mining management during the 2006-2007 fiscal years.
It found as many as 212 cases of irregularities in coal mining management with potential state losses reaching Rp 2.69 trillion, along with another US$778.8 million, in total.
Losses reflected halts in reclamation collateral payments by 60 mining contract (KP) holders in Kutai, East Kalimantan; 30 KP holders in Tanah Laut, South Kalimantan; and Coal Contracts of Work (PKP2B) holders PT KJA and PT MSJ.
The total amount of the halted payments reached $3.18 million and Rp 127.25 billion in total, with BPK claiming this would burden state budgets if the contractors failed to fulfill their reclamation obligations.
The audit found that 61 KP holders and 5 PKP2B contract holders did not properly manage the top soil and overburden in open cast mining areas, which could cause landslides, or erosion and reduce soil fertility.
BPK said all these irregularities were caused by a combination of policy weaknesses along with non-compliance by mining companies.
In response, Bambang said that most of the irregularities were found in KPs that were issued by regional governments. "We are conducting an internal evaluation on the BPK's findings," he said.
Source: http://www.thejakartapost.com/news/2009/04/22/protected-forests-facing-underground-mining-threat.html
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Wednesday, 18 March 09
MANILA'S NAPOCOR SAYS BIDDING FOR 100,000T COAL FAILS - REUTERS
Top Philippine electricityproducer National Power Corp (Napocor) was unable to secure 100,000 tonnes of local coal for one of its power plantsfollow ...
Wednesday, 18 March 09
INDONESIA'S PLN APPOINTS KPC TO SUPPLY COAL - REUTERS
State electricity firm Perusahaan Listrik Negara (PLN) appointed PT Kaltim Prima Coal to supply 1 million tonnes of coal per annum to Tanjung Jati B ...
Monday, 16 March 09
TATA POWER HAS NO PLAN TO SELL STAKE IN INDONESIA BUMI MINES - BLOOMBERG
Tata Power Co., India’s biggest electricity generator outside state control, said it has “no intention” to sell its stake in two I ...
Monday, 16 March 09
ANTAM SELECTS PARTNERS FOR POMALAA POWER PLANT - THE JAKARTA POST
PT Aneka Tambang Tbk, Indonesia’s second-largest nickel producer, said it intended to develop a $300 million coal-fired plant in Pomalaa, Sout ...
Monday, 16 March 09
ADARO TO BOLSTER SUPPLY CHAIN THROUGH ACQUISITIONS - THE JAKARTA POST
PT Adaro Energy Tbk, Indonesia's second-largest coal producer, plans to acquire a coal barging and transshipment company to improve its supply chai ...
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- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
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