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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, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
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- PTC India Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Planning Commission, India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
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