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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, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
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- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Interocean Group of Companies - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
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