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Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
 The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 2009 law on environment for two year on fears it will severely hit oil and gas production.
"We have spoken with the coordinating minister for the economy to delay the law for at least two years, so that we can prepare our technology," Evita Herawati Legowo, the director general for oil and gas at the Energy and Mineral Resources Ministry, said in Jakarta late Thursday.
Evita said that the mining companies were now working to adjust mining systems to comply with the law, which could take some time.
"Several contractors would prefer to stop their activities rather than breaking the rules which could mean criminal punishments," she said, adding that oil production could drop significantly due to process changes.
Evita said the Energy and Mineral Resources Minister Darwin Zahedy Saleh has sent a letter to the Coordinating Economic Minister to discuss the issue further.
"The decline in oil production might influence state revenue. So, we have to do something," she said.
Darwin acknowledged that the new law on the environment would be a serious challenge to mining contractors.
"The miners have to allocate additional budgets so that their mining systems protect the environment in the future," he said, adding that the government had to help the contractors, or oil production would drop.
Darwin insisted the government would fight it out to meet the oil production target by improving efficiency, for example, streamlining bureaucratic procedures to enable contractors to curb expenditure.
The new law requires business entities to secure environmental permits before beginning their operations. Permits can be issued by a minister, governor or regent, depending on the area of operation. A failure to secure environmental permits would result in the termination of the business license.
The Energy and Mineral Resources Ministry has said that the implementation of the 2009 environmental law would risk reducing national oil production by up to 40 percent.
This year, the government is targeting to produce 965,000 barrels of oil per day (bpd) as in the 2010 national budget. Last year Indonesia produced about 960,000 bopd.
Some observers have said that ambiguities in the environment law made it difficult for companies to fulfill environmental standards and guidelines set by the new legislation.
The ministry argued that state-owned oil and gas producer PT Pertamina and US based leading oil producer Chevron Pacific Indonesia (CPI) would be the two firms most effected by the new law.
Late Thursday Chevron general manager Bambang Pratesa confirmed the possibility that Chevron oil production could drop more 60 percent this year as the original company target for this year was to produce 400,000 bpd but instead a steep decline is now expected.
"The anticipated Chevron production will be fall to about 125,000 bpd, far down on our original target," Bambang told reporters. Oil and gas have traditionally contributed up to 30 percent of total state revenue.
Source: The Jakarta Post By: Nani Afrida
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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
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- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- The University of Queensland
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
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