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Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory overhaul of Indonesia’s mining industry would hurt companies’ performance received mixed reviews from industry players on Tuesday.
The report, “Indonesia’s Mining Law of 2009 and Subsequent Regulations: Unearthing the Impact,” explored how the law would affect companies in the country’s mining sector.
Credit analyst Xavier Jean said he did not anticipate any immediate implications for the rating of mining companies since Standard & Poor’s ratings already incorporated degrees of regulatory risk.
“Some regulatory provisions have direct implications for the revenue, profitability, capital expenditure and cash flow of mining companies in Indonesia,” Jean said. “Besides increasing operating uncertainty for Indonesian mining companies, we believe the new regulations may also make the industry less attractive to foreign investors.”
Increased operating costs, possible delays in awarding mining licenses because of decentralized decision-making and requirements for greater domestic processing were among the factors that could weight on profits.
He also said the regulatory environment was “still evolving, and the implementation of government regulations passed so far may differ somewhat from their original forms.”
Under the 2009 law, regional governments will issue mining licenses instead of the central government. It also reduced the lifespan of the new regulations to 20 years, down from 40 years in the previous law, and required miners to set aside 25 percent of their production for sale in Indonesia.
Bimo Budi Satriyo, corporate secretary of Aneka Tambang, Indonesia’s largest gold and nickel producer, said the law was an opportunity and a challenge.
“I think the regulation is good because the government does not want companies to only sell natural resources,” he said. “There will be added value for minerals, and in the end that will create a multiplier effect that can improve the economy within the region.”
Aneka Tambang already has a number of mineral processing projects in the works, Bimo continued, including a bauxite refinery in West Kalimantan and three smelters in South Sulawesi.
Bob Kamandanu, chairman of the Indonesian Coal Mining Association (APBI) and a commissioner of Berau Coal, said the shorter lifetime of the regulations created uncertainty.
“Coal mining is a long-term business. Twenty years is too short,” he said.
Sudharta, spokesman for state coal miner Perusahaan Tambang Batubara Bukit Asam, said he was confident the new law would not have any adverse effects on the company.
Source: The Jakarta Globe
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Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
" ...
Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
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- White Energy Company Limited
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
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