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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, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Australian Coal Association
- Aditya Birla Group - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
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