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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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Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
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