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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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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
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- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Planning Commission, India
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
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