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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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Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Economic Council, Georgia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- MS Steel International - UAE
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
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