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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, 17 April 11
ADARO TO PROPOSE US$75 MILLION DIVIDEND
COALspot.com - One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) is keen to propose a final dividend of US$75 million or Rp 20.17 (U ...
Saturday, 16 April 11
TNPL RECEIVES 1.6MT OF COAL OFFERS - SOURCES
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its 160,000 MT coal inquiry today.
More than a half a dozen of Indian coal t ...
Friday, 15 April 11
DRY BULK MARKET KEEPS ON FALLING, ON LOW DEMAND AND HIGH SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its falling patern this week, with the industry’s benchmark, the Baltic Dry Index (BDI) retreating again yesterda ...
Thursday, 14 April 11
SUPRAS IN N.CHINA GET CLOSE TO $12000 FOR TRIPS VIA INDONESIA TO INDIA - FEARNBULK
Handy
The Atlantic market remains flat - very little new/fresh business and slow activity. Considerable prompt tonnage remains unfixed. The USG pa ...
Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
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- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- The University of Queensland
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Planning Commission, India
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
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