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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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Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
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- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Minerals Council of Australia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- VISA Power Limited - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
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