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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, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
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- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
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- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
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- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
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- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
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- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
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