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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
.jpg) A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the country’s power plants when the law’s implementing regulations come into effect in April, the Indonesian Coal Producers Association warned on Monday.
Bob Kamandanu, chairman of the association, also known as the APBI, said its members stood to lose at least $3.2 billion this year, based on last year’s average coal price of $50 per ton, and that total production would decline by 25 percent. He said the law would force many operators to shut down because their permits would not be extended, while existing ones could be revoked.
However, Deputy Minister of Public Works Hermanto Dardak told the Jakarta Globe that any mining companies that have been operating according to existing regulations should have nothing to worry about.
“I think the new law is ideal for the country as Indonesia still experiences many violations of spatial zoning,” Hermanto said. “If a mining company has just realized they’re committing activities that violate the zoning law, then they should talk with the local governments and the Forestry Ministry to determine what needs to be done to adjust to the regulation.”
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“The law is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas” - Chairman, ICMA
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The 2007 zoning law was initiated by the Public Works Ministry to create a more comprehensive zoning system governing land use in the country. It prohibits coal mining in some forested areas.
However, coal producers said they were unaware of the law’s existence until December, when their applications for extensions of their land-use permits began to be stalled or rejected.
“[The law] is retroactive. Therefore, it could cause a massive negative impact on the industry as more than 90 percent of its operations are in forested areas,” Bob said.
The APBI also claimed that the law has created confusion at the Forestry Ministry, resulting in a general reluctance to issue any permits because of fears that the issuers could face criminal prosecution if they inadvertently violated the zoning regulation.
The Energy Ministry confirmed last week that operations at the Jorong coal mine in South Kalimantan owned by PT Indo Tambangraya Mega, the country’s fourth-biggest coal miner, had been shut down by police because the company lacked the proper land-use permit.
“A unit of PT Tambang Batubara Bukit Asam, PT Bukit Kendi, has also been closed due to the same problem,” Bob said, adding that other companies had received notice that they should be prepared to shut their operations at some mines if their permits were not approved.
“The association and its members are currently seeking legal advisers to know whether the coal companies could operate within the law or not. We will seek a judicial review with the Constitutional Court if we can’t work under the law,” Bob said.
Indonesia, Asia’s biggest exporter of coal, is expected to produce 280 million tons this year, a 12 percent increase from last year. Coal exports in 2009 totaled $14.85 billion.
Source: The Jakarta Globe
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Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
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- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- MS Steel International - UAE
- CNBM International Corporation - China
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
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- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- The University of Queensland
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- Minerals Council of Australia
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- ICICI Bank Limited - India
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- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
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- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
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- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
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- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
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- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Economic Council, Georgia
- Australian Coal Association
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
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- Independent Power Producers Association of India
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- The State Trading Corporation of India Ltd
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- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
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- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
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