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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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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
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