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October 22, 2014

Indonesia's biggest coal mine 5 times larger than Singapore


Good news  Indonesia's biggest coal mine 5 times larger than Singapore

IDX to Simplify IPO Requirements for Mining Companies

 Global miner BHP Billiton and Indonesian partner PT Adaro are developing what could become the single largest mine in Indonesia in terms of land area, with BHP owning 75 percent. The IndoMet mine complex in Central and East Kalimantan provinces on Borneo comprises seven coal concessions, which cover 350,000 hectares, or about five times the size of Singapore.

In total, the area has an estimated 1.27 billion metric tons of coal resources, according to Adaro, mainly coking coal used to make steel.

In detailed responses to questions, BHP says it is making progress on developing the first mine in the complex, called Haju. Infrastructure development is underway, including road works and a port along the Barito River. Haju is planned to produce one million metric tons of coal per year. Haju mine itself will cover 660 hectares and initial production is expected in 2015, BHP says. 

The company says the current area covered by the seven concessions will be reduced over time and returned to the government, in line with regulations that mandate 50 percent of the exploration area be returned within a set timeframe. That means the mandated maximum holding of the total area of the seven concessions is expected to be no more than about 175,000 hectares, BHP says.

Conservation groups, such as the Indonesian Forum for the Environment (or Walhi) fear the project will cause widespread deforestation in an area of the province that still has large areas of rainforest. “It is expected that only a fraction of this area will be actively mined at any given time, about 5,000 hectares. Additionally, there are other restrictions on how much of this can be used, for example under forestry laws,” BHP said.

“The total area required for the Haju Mine is 660 hectares, all of which is overlapped by logging concessions. Not all of this will need to be cleared. Where possible the Haju Mine project will make use of existing logging roads, with only 7.5 kilometers (5 miles) of new road required outside the mine area to join an existing road network,” BHP said. 

The IndoMet mine complex lies in East and Central Kalimantan, an area already occupied by many resource and agricultural concessions


According to data from Global Forest Watch, the region of Kalimantan encompassing the mine complex lost approximately 200,000 hectares of tree cover from 2001 through 2012, representing nearly 5 percent of the area’s forest cover. While some of this may be attributable to misinterpretation of plantation harvesting as forest loss, much of it occurred outside plantation concessions. A significant amount of intact forest also exists in the area, some of which is overlain by logging and mining concessions. Map courtesy of Global Forest Watch. Click to enlarge.

According to the company, an environmental and social impact assessment was approved in 2006. In addition, biodiversity and water management plans have been implemented for the Haju project. Regular monitoring of air and water quality, noise, river sediment, aquatic life, terrestrial fauna and flora in the Haju area will be carried out, the company says, along with extensive engagement with local communities.

BHP says it is supporting conservation initiatives, starting with a two-year project with Fauna and Flora International. Part of this project includes funding for an orangutan reintroduction program managed by the Borneo Orangutan Survival Foundation (BOSF). This program helps orangutans that have been displaced from their habitat in other parts of Central Kalimantan.

The company says it funded the construction of a quarantine facility for up to 50 orangutans at the BOSF Nyaru Menteng Rescue and Rehabilitation Center in Central Kalimantan and has been involved in the safe release of more than 260 orangutans into the wild. 

The mine is hundreds of kilometers from the coast and will rely on barges to transport the coal to a port for loading onto ships. This is costly and river transport is available for about nine months of the year because of fluctuating water levels.

A $2.3 billion coal railway to the coast is being considered by the central and provincial governments, but it is unclear if BHP and Adaro would be customers.  This article was originally written and posted by David Fogarty, a contributing writer for news.mongabay.com.



IDX to Simplify IPO Requirements for Mining Companies

Fathan Qorib, Christina Desy

It goes without saying that to expand business operations, the availability of sufficient capital is a critical factor for any company. While there are numerous ways to raise capital, one common and attractive method is undertaking an initial public offering and converting a company into a public company.

This is particularly beneficial for companies that require large amounts of capital, as they can keep a lid on expenses by avoiding interest payments, an inevitable outcome when raising capital by bank loans. Under such restraints, the IPO strategy is highly attractive for companies which require large amounts of capital to operate, including mining companies.

While highly encouraged, the number of companies that actually go public have historically been less than estimated targets. The Indonesian Stock Exchange (IDX) targeted around 30 such companies for IPOs in 2014, but approaching the end of the year, to date only 18 companies have done so. The current best estimate for IPOs on the IDX is 25 companies by the end of 2014.

To boost the number of public companies in upcoming years, the IDX is aiming to simplify the requirements for initial public offerings (IPO). However, Ito Warsito, IDX’s President Director, stated that for now such facilities will only be granted to mining companies, especially those that are yet to start production.

For this purpose, the IDX is currently drafting a regulation that will provide mining companies are no longer required to provide their financial statements from the last three years when listing. To proceed with an IPO, mining companies that have not started production will have to prove that they are in the exploration phase and also provide their mining business feasibility studies.

This model has been used by stock exchanges in other countries which have attracted Indonesian mining companies to listed on them rather than the IDX. Once the regulation is complete for mining companies, the IDX will draft a similar regulation for the oil and gas sector.

In the meantime, BEI is also providing guidance to domestic entrepreneurs to better understand capital market mechanisms. While Mr. Warsito cannot state the exact number of future public companies though taking such actions, he is optimistic that familiarization with the capital market will at least increase the awareness of the capital market’s role in optimizing businesses.

This optimism is shared by Hoesen, IDX’s Director of Company Assessment. Moreover, Mr. Hoesen hopes that the incoming Joko Widodo and Jusuf Kalla administration will share the same spirit and start to implement concrete actions for economic growth instead of spending excessive time on discussions and discourse. 


IDX to Simplify IPO Requirements for Mining Companies

October 20, 2014

Indonesia's 7th. President Joko Widodo

Today , October 20th  has become a very historic moment in Indonesia , a celebration for all Indonesian people. 

Joko “Jokowi” Widodo and Jusuf Kalla have been officially sworn in as Indonesia President and Vice President for the period of 2014-2019.

Joko Widodo has been sworn in as the 7th. Indonesia's President

 #TerimakasihSBY tradisi pisah sambut. #SelamatBertugasJKWJK President Jokowidodo and the FIrst Lady Iriana pic.twitter.com/OCD3hezOFt


 The Former President DR H Susilo bambang Yudhoyono has set an unprecendented example for the smooth and respectful transition of power to President Joko Widodo, his successor  and this event has been enthusiastically and joyfully witnessed by tens of millions of people in our home country as well as around the globe  

Joko Widodo, the charismatic outsider who won Indonesia's presidency, made a call for national reconciliation and unity as he was sworn in.
Popularly known as Jokowi, the 53-year-old took the oath of office at a ceremony held at parliament in Jakarta.


Jokowi was sworn in as the 7th Indonesian president in a plenary session of the People’s Consultative Assembly (MPR) led by MPR Speaker Zulkifli Hasan on October 20th Monday. morning
" I will faithfully uphold my commitments as the President of the Republic of Indonesia to work hard for the development of the nation,” said Jokowi during his speech.
Jokowi also greeted the former Indonesian presidents – Baharudin Jusuf Habibie, Megawati Soekarnoputri, and Susilo Bambang Yudhoyono – who were present for the ceremony.
The former Jakarta governor also greeted Prabowo Subianto, his former rival during the July 9 presidential election.
“[…] a man whom I respect, my friend Prabowo Subianto,” Jokowi said.
Prabowo stood on his feet up for a brief moment and saluted after Jokowi mentioned his name and the MPR broke into applause.
 

We appreciate very much the eight heads of state who have confirmed their attendance at the inauguration ceremony  and attended this historic moment ,namely  Timor Lestes President Taur Matan Ruak, Brunei Darussalams Prime Minister Sultan Haji Hassanal Bolkiah, Papua New Guinea Prime Minister Peter ONieill, Australias Prime Minister Tony Abbott, Singapores Prime Minister Lee Hsien Loong, Malaysias Prime Minister Dato Sri Mohd Najib bin Tun Abdul Razak, Haitis Prime Minister Laurent Salvador Lamonthe and special envoy from Japan former Prime Minister Yasuo Fukuda.

Meanwhile the ministers and high ranking officials who have l attended the Monday inauguration ceremony are Chinas Deputy Chairwoman of the Peoples Congress Yan Junqi, Viet Nams Chief of Government Office Vu Duc NDu, New Zealands Foreign Affairs Minister Murray McCully, special envoy from the Reoublic of Korea Kim Tae-whan and Ham Jin-kyu. Thailands Deputy Prime Minister as well as Foreign Affairs Minister Tanasak Patimapragorn, special envoy from the Netherland Dr Tjeek Willink, the US Secretary of State John Kerry, UKs Foreign Affairs Minister Philip Hammond and Russias Industry Minister Denis Valentinovich.

Other than foreign guests, several former Presidents and Vice Presidents also attend, such as Megawati Soekarnoputri, B.J. Habibie, Try Sutrisno and Hamzah Haz.  Also seen is Sinta Nuryiah Wahid.



Prabowo came to the Palace on October 21st Tuesday afternoon, to meet the Vice President Jusuf kalla  and he sincerely congratulated him on being the Vice President and showed his support for Jokowi Kalla administration Jusuf Kalla said 's visit showed his spirit of togetherness

Several leaders of neighboring countries, including Malaysia Prime Minister Najib Razak, Singapore Prime Minister Lee Hsien Loong, Australia Prime Minister Tony Abbott, and Sultan Hasanal Bolkian of Brunei Darussalam, attended the inauguration ceremony. US Secretary of State John Kerry and former Japanese Prime Minister Yasuo Fukuda were also present.
He was then cheered through the streets as he made his way on a horse-drawn carriage to the state palace.
The former Jakarta governor is the first president not to have come from the military or political elite.
Elected in July, the former furniture exporter and son of a carpenter now leads the world's third-largest democracy, with a population of about 250 million people.
US Secretary of State John Kerry and Australia's Prime Minister Tony Abbott were among those who attended the inauguration.

Jokowi at a glance 

Joko Widodo who was born on 21 June 1961 is the seventh and current President of Indonesia. He is universally called in Indonesia as Jokowi, an acronym derived from his full name. He was previously the Governor of Jakarta and, prior to that, the Mayor of Surakarta.
He has a beloved wife Iriana Widodo who now automatically becomes the First Lady

and  3 wonderful Gibran Rakabuming, Kahiyang Ayu,  Kaesang Pangarep
He was nominated by his party, the Indonesian Democratic Party – Struggle (PDI-P), to run in the 2012 Jakarta gubernatorial election with Basuki Tjahaja Purnama (also known as Ahok) as his running mate. Jokowi was elected governor of Jakarta on 20 September 2012 after a second round runoff election in which he defeated the then incumbent governor Fauzi Bowo. Jokowi's win was widely seen as reflecting popular voter support for "new" or "clean" leaders rather than the "old" style of politics in Indonesia.
Jokowi's popularity rose sharply following his election to the high-profile position of governor of Jakarta in 2012. During 2013 and early 2014, he was increasingly seen as a potential PDI-P candidate for the Indonesian presidential election in 2014. His nomination was announced on 14 March 2014.
Jokowi was named as the President-elect of Indonesia on 22 July 2014 after being declared the winner of the presidential election winning more than 53% of the vote over his opponent Prabowo Subianto, who withdrew from the race before the count was completed disputing the outcome

Blusukan (Impromptu Visit)
Not so much a policy as a general approach, Jokowi has actively carried out the practice known as blusukan of regularly visiting quite poor areas across Jakarta. During these visits, he wears simple informal clothes and makes a point of spending time in markets or walking along narrow Jakarta lanes (gangs) to chat to people about problems like the price of food, housing difficulties, local flooding, and transport. Polling and media coverage suggests that Jokowi's hands-on style has proved very popular both in Jakarta and elsewhere across Indonesia

His awards and honors, accolades that have been conferred upon him  include the following:

2008: Jokowi was listed by Tempo as one of the 'Top 10 Indonesian Mayors of 2008'.

2011: He was awarded the Bintang Jasa Utama by President Susilo Bambang Yudhoyono.

2012: Jokowi received 3rd place of the 2012 World Mayor Prize for "transforming a crime-ridden city into a regional center for art and culture and an attractive city to tourists. He was listed as one of "The Leading Global Thinkers of 2013" in Foreign Policy.
 In February 2013 he was nominated as the global mayor of the month by the The City Mayors Foundation based in London.

2014: Jokowi was listed by Fortune as one of the 'The World's 50 Greatest Leaders

2014: Jokowi on the cover of Time on October 18, 2014.

The Newly inaugurated  PRESIDENT JOKO WIDODO reads out the oath during his inaugural ceremony as new and 7th. Indonesia's president before Parliament members and dignitaries in Jakarta on October 20, 2014. A Muslim clergy man holds a copy of the Koran above his head. 
The following is an unofficial translation of President Joko Widodo's remarks at his official inaugural ceremony on Monday, October 20, 2014:
"Based on the Will of the People and Constitution"
Jakarta, 20 October 2014

Assalamu’alaikum Warahmatullahi Wabarakatuh,

Salam Damai Sejahtera untuk kita semua,

Om Swastiastu,

Namo Buddhaya
  
We, Jokowi and JK (Jusuf Kalla), have just taken our oaths. That oath has a profoundly spiritual significance  that enforces our commitment to become a big nation. It is high time  we united our hearts and hands, and continue the heavy work load  to transform Indonesia into a sovereign country politically, self-sufficient economically, and with a strong character culturally.
I am truly confident that we can share this heavy task together with unity and through gotong royong (mutually helping one another hand in hand ) and hard work. Gotong royong serves a prerequisite to becoming a big nation. We will never become a big nation if we’re divided, we will never be truly free (“merdeka”) without hard work. 

My administration will ensure that every person in the motherland feels the presence of their government. I am quite sure  that the nation will be stronger if state institutions (do their work according to the people’s mandate, as written in the Constitution.
To the fishermen, laborers, farmers, bakso (meatball) vendors, street vendors, drivers, academics, teachers, military, police, entrepreneurs, and professionals, I urge you to work hard, gotong royong, because this is the historic moment for us all to move together, to work, work, and work.
We want to be present among other independent nations with dignity, with pride. We want to build our own civilization, we want to become a creative nation, a nation that contributes nobility to the world’s civilization.
We have to work hard to restore Indonesia as a maritime country. The oceans, the seas, the bays, and the straits are the future of our civilization.
We have far too long turned our back on the seas, the oceans, the straits, and the bays. It's time to restore everything so that the slogan of "jalesveva jayamahe” (in the sea we will triumph),  used by our forefathers, will echo again.
Building up on a country cannot be done alone by its president and vice president, and the administration that I lead, but we need a collective strength. These next 5 years will be a momentum to show our freedom as a nation. Therefore, work, work, and work is the priority. I remain certain with hard work and gotong royong we will be able to protect Indonesia as a whole, improve welfare, and contribute to the world order in accordance with the principles of freedom, eternal peace, and social justice.
In the name of the people and the government of Indonesia, I thank and appreciate the attendance of fellow state leaders and special delegates. As the third biggest country in the world with the biggest Muslim population in the world, as an archipelagic nation and the biggest nation in Southeast Asia, Indonesia will keep on practicing a free and active foreign diplomacy, for the national interest, and contribute in creating a world order in accordance with the principles of freedom, eternal peace, and social justice.
In this historic moment, I personally and on behalf of Vice President Jusuf Kalla and on behalf of Indonesia, thank President Susilo Bambang Yudhoyono and Professor Doctor Boediono who led the government over the past 5 years.
To conclude this speech, I implore you fellow countrymen, to remember one thing as said by the first president of the Republic of Indonesia, Bung Karno. That in order to build Indonesia into a big nation, prosperous and peaceful, we need the spirit of courage to face the waves.
As the captain of the ship as trusted by the people, I urge you all to get on the ship of the Republic of Indonesia and sail towards Indonesia Raya (Great Indonesia).
We will raise the mast, a strong one. We will face the tides in the ocean with our own power. And I will stand with the people and the Constitution. Merdeka !!!
May God bless our noble intention.
Wassalamualaikum warrahmatullahi wabarakatuh
God bless. Om shanti shanti om
Namo Buddhaya.





Full Indonesian Transcript of  Preisdent Jokowi as soon as he was being sworn in as the 7th.Indonesia's President


"Di Bawah Kehendak Rakyat dan Konstitusi"
Jakarta, 20 Oktober 2014


Assalamu’alaikum Warahmatullahi Wabarakatuh,

Salam Damai Sejahtera untuk kita semua,

Om Swastiastu,

Namo Buddhaya



Yang saya hormati, para Pimpinan dan seluruh anggota MPR,

Yang saya hormati, Wakil Presiden Republik Indonesia,

Yang saya hormati, Bapak Prof Dr. BJ Habibie, Presiden Republik Indonesia ke 3, Ibu Megawati Soekarnoputri, Presiden Republik Indonesia ke-5, Bapak Try Sutrisno, Wakil Presiden Republik Indonesia ke-6, Bapak Hamzah Haz, Wakil Presiden Republik Indonesia ke-9, Yang saya hormati, Bapak Prof. Dr. Susilo Bambang Yudhoyono Presiden Republik Indonesia ke-6, Bapak Prof Dr Boediono, Wakil Presiden Republik Indonesia ke-11



Yang saya hormati, ibu Shinta Nuriyah Abdurrahman Wahid,

Yang saya hormati, rekan dan sahabat baik saya, Bapak Prabowo Subianto. Yang saya hormati Bapak Hatta Rajasa

Yang saya hormati, para pimpinan lembaga-lembaga tinggi negara,

Yang saya hormati dan saya muliakan, kepala negara dan pemerintahan serta utusan khusus dari negara-negara sahabat,

Para tamu, undangan yang saya hormati,

Saudara-saudara sebangsa, setanah air,

Hadirin yang saya muliakan,



Baru saja kami mengucapkan sumpah, sumpah itu memiliki makna spritual yang dalam, yang menegaskan komitmen untuk bekerja keras mencapai kehendak kita bersama sebagai bangsa yang besar.

Kini saatnya, kita menyatukan hati dan tangan. Kini saatnya, bersama-sama melanjutkan ujian sejarah berikutnya yang maha berat, yakni mencapai dan mewujudkan Indonesia yang berdaulat di bidang politik, berdikari di bidang ekonomi dan berkepribadian dalam kebudayaan.

Saya yakin tugas sejarah yang berat itu akan bisa kita pikul bersama dengan persatuan, gotong royong dan kerja keras. Persatuan dan gotong royong adalah syarat bagi kita untuk menjadi bangsa besar. Kita tidak akan pernah besar jika terjebak dalam keterbelahan dan keterpecahan. Dan, kita tidak pernah betul-betul merdeka tanpa kerja keras.

Pemerintahan yang saya pimpin akan bekerja untuk memastikan setiap rakyat di seluruh pelosok tanah air, merasakan kehadiran pelayanan pemerintahan. Saya juga mengajak seluruh lembaga Negara untuk bekerja dengan semangat yang sama dalam menjalankan tugas dan fungsinya masing-masing. Saya yakin, Negara ini akan semakin kuat dan berwibawa jika semua lembaga negara bekerja memanggul mandat yang telah diberikan oleh Konstitusi.

Kepada para nelayan, buruh, petani, pedagang bakso, pedagang asongan, sopir, akademisi, guru, TNI, POLRI, pengusaha dan kalangan profesional, saya menyerukan untuk bekerja keras, bahu membahu, bergotong rotong. Inilah, momen sejarah bagi kita semua untuk bergerak bersama untuk bekerja…bekerja… dan bekerja

Hadirin yang Mulia

Kita juga ingin hadir di antara bangsa-bangsa dengan kehormatan, dengan martabat, dengan harga diri. Kita ingin menjadi bangsa yang bisa menyusun peradabannya sendiri. Bangsa besar yang kreatif yang bisa ikut menyumbangkan keluhuran bagi peradaban global.

Kita harus bekerja dengan sekeras-kerasnya untuk mengembalikan Indonesia sebagai negara maritim. Samudra, laut, selat dan teluk adalah masa depan peradaban kita. Kita telah terlalu lama memunggungi laut, memunggungi samudra, memunggungi selat dan teluk.

Kini saatnya kita mengembalikan semuanya sehingga Jalesveva Jayamahe, di Laut justru kita jaya, sebagai semboyan nenek moyang kita di masa lalu, bisa kembali membahana.

Saudara-saudara sebangsa dan setanah air,

Kerja besar membangun bangsa tidak mungkin dilakukan sendiri oleh Presiden, Wakil Presiden ataupun jajaran Pemerintahan yang saya pimpin, tetapi membutuhkan topangan kekuatan kolektif yang merupakan kesatuan seluruh bangsa.

Lima tahun ke depan menjadi momentum pertaruhan kita sebagai bangsa merdeka. Oleh sebab itu, kerja, kerja, dan kerja adalah yang utama. Saya yakin, dengan kerja keras dan gotong royong, kita akan akan mampu melindungi segenap bangsa Indonesia dan seluruh tumpah darah Indonesia, meningkatkan kesejahteraan umum, mencerdaskan kehidupan bangsa, dan ikut melaksanakan ketertiban dunia yang berdasarkan kemerdekaan, perdamaian abadi, dan keadilan sosial.

Saudara-saudara sebangsa dan setanah air

Atas nama rakyat dan pemerintah Indonesia, saya mengucapkan terima kasih dan penghargaan yang sebesar-besarnya kepada Yang Mulia kepala negara dan pemerintahan serta utusan khusus dari negara-negara sahabat.

Saya ingin menegaskan, di bawah pemerintahan saya, Indonesia sebagai negara demokrasi terbesar ketiga dengan penduduk Muslim terbesar di dunia, sebagai negara kepulauan, dan sebagai negara terbesar di Asia Tenggara, akan terus menjalankan politik luar negeri bebas-aktif, yang diabdikan untuk kepentingan nasional, dan ikut serta dalam menciptakan ketertiban dunia berdasarkan kemerdekaan, perdamaian abadi dan keadilan sosial.

Pada kesempatan yang bersejarah ini, perkenankan saya, atas nama pribadi, atas nama Wakil Presiden Muhammad Jusuf Kalla dan atas nama bangsa Indonesia menyampaikan terima kasih dan penghargaan kepada Bapak Prof. Dr. Susilo Bambang Yudhoyono dan Bapak Prof. Dr. Boediono yang telah memimpin penyelenggaraan pemerintahan selama lima tahun terakhir.

Hadirian yang saya muliakan,

Mengakhiri pidato ini, saya mengajak saudara-saudara sebangsa dan setanah air untuk mengingat satu hal yang pernah disampaikan oleh Presiden Pertama Republik Indonesia, Bung Karno, bahwa untuk membangun Indonesia menjadi negara besar, negara kuat, negara makmur, negara damai, kita harus memiliki jiwa cakrawarti samudera; jiwa pelaut yang berani mengarungi gelombang dan hempasan ombak yang menggulung.

Sebagai nahkoda yang dipercaya oleh rakyat, saya mengajak semua warga bangsa untuk naik ke atas kapal Republik Indonesia dan berlayar bersama menuju Indonesia Raya. Kita akan kembangkan layar yang kuat. Kita akan hadapi semua badai dan gelombang samudera dengan kekuatan kita sendiri. Saya akan berdiri di bawah kehendak rakyat dan Konstitusi. Semoga Tuhan Yang Maha Esa senantiasa merestui upaya kita bersama.

Merdeka !!!
Wassalamu’alaikum Warahmatullahi Wabarakatuh
Semoga Tuhan memberkati,
Om Shanti Shanti Shanti Om,
Namo Buddhaya