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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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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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Showing 5926 to 5930 news of total 6871 |
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- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
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