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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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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
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