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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, 19 August 10
INDONESIA EXPORTED 5.93 MLN TON OF COAL TO CHINA AND 3.52 MLN TONS TO INDIA IN JULY
COALspot.com: Indonesia shipped 3.52 million tones of thermal coal to India in July, fell 25.39 percent compared to June's exports of 4.71 million ...
Thursday, 19 August 10
WBPDCL INDIA LAUNCHES SPOT COAL TENDER
COALspot.com: The West Bengal Power Development Corporation Limited (WBPDCL ), A Govt. of West Bengal Enterprise, has launched spot contract tender ...
Thursday, 19 August 10
PANAMAX BACKED BY A STRONGER SHORT PERIOD MARKET AND SUPPORTED BY SOME FRESH REQUIREMENTS - FEARNBULK
Handy
The events of this week have confirmed our assessment of last week i.e. activity gradually picked up in the Atlantic with more enquiry seen ...
Thursday, 19 August 10
CSC TO SHIP COAL FOR NOROCHCHOLAI POWER PLANT
Daily Mirror reported that, coal for the Norochcholai Power Plant will be shipped to the country by the Ceylon Shipping Corporation (CSC) officials ...
Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...
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- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Australian Coal Association
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- MS Steel International - UAE
- The University of Queensland
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
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