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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 $1.81 billion in 2009, supported by greater certainty after the introduction of new mining regulations.
Source: The Jakarta Globe
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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- The University of Queensland
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
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