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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, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
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