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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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Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
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- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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