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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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- VISA Power Limited - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Planning Commission, India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
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