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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
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