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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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Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
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