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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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Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
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Showing 5931 to 5935 news of total 6871 |
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- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
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