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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, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Planning Commission, India
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