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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
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 c ...
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- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- White Energy Company Limited
- SMC Global Power, Philippines
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