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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, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
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