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Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
 The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed strategically important to take place in protected forests.
The decree, which took effect on Feb. 1, is certain to anger environmental groups given that the country already has one of the fastest rates of deforestation in the world.
“The use of forest areas for development activities can be done for unavoidable strategic purposes,” said the decree, which said key development projects included power plants, renewable energy, toll roads and train lines.
The decree said open-pit and underground mining could take place in production forests, which is a forest area considered neglected or abandoned after trees have been cut.
“In a protected forest, mining can be done through underground mining,” the decree said.
The decree defined mining activities as including oil and gas, minerals, coal and geothermal.
Yudhoyono has pledged to cut red tape and prevent overlapping regulations from slowing down projects ranging from mining to toll roads. Increasing exploitation of mineral resources and speeding up infrastructure development are seen as keys to boosting growth and creating jobs.
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“President has pledged to cut red tape and prevent overlapping regulations from slowing down projects ranging from mining to toll roads”
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State-owned oil and gas company PT Pertamina has urged the Forestry Ministry to allow geothermal activities in protected forests as most of the country’s geothermal reserves are located in these areas.
There has frequently been confusion over whether companies can exploit resources in forest areas, with various ministries requiring permits.
The Forestry Ministry recently asked Freeport McMoRan Copper and Gold to submit a request to use land in a protected forest area, a ministry official said on Tuesday. Freeport operates the huge Grasberg copper and gold mine in Papua. Grasberg has the world’s largest recoverable reserves of copper and the largest gold reserves.
In 2004, the government allowed 13 mining firms, including Freeport, to continue mining operations after the introduction of a law in 1999 that banned open-pit mining in forested areas.
Last month, police temporarily shut the Jorong coal mine in Kalimantan operated by a unit of Thailand’s top coal miner, Banpu, over a permit problem. Banpu said the closure would only have a slight impact on production at its domestic unit, PT Indo Tambangraya Megah.
Indonesia has struggled to attract fresh investment into mining, as well as for developing new oil and gas fields, partly due to uncertain regulations and red tape.
The government has previously said it expected mining investment to hit $2.5 billion this year, up from $1.81 billion in 2009, supported by greater certainty after the introduction of new mining regulations.
Source: The Jakarta Globe
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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- The University of Queensland
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- PTC India Limited - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
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