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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, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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Showing 6091 to 6095 news of total 6871 |
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- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
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