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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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Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
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- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
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