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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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Wednesday, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
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- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
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