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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, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
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- Romanian Commodities Exchange
- Parliament of New Zealand
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Australian Coal Association
- Aditya Birla Group - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
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