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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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Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess ...
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- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
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