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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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Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
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- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Planning Commission, India
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- Thai Mozambique Logistica
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- Karbindo Abesyapradhi - Indoneisa
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- Merrill Lynch Commodities Europe
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- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
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- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
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- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
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- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
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