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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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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Australian Coal Association
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- White Energy Company Limited
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
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