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Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
 Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues continue to dominate the top 10 rankings in Ernst & Young’s annual Business risks facing mining & metals 2011-2012 report, released today.
Ernst & Young Global Mining & Metals Leader Mike Elliot says in the past 12-18 months at least 25 countries have increased or announced intentions to increase their government take via taxes or royalties. “Resource nationalism is taking other forms as well, including greater controls on foreign participation mandated beneficiation, use it or lose it demands and mandated government participation,” says Elliott.
Vietnam, for example, yesterday announced that export taxes on all kinds of coal would be increased from the current 15 percent to 20 percent as of September 2011, to limit the outflow of the natural resource, according to a new circular issued by Vietnam’s Ministry of Finance. Meanwhile, Indonesia is currently in the process of drafting a new regulation that could ban the export of low-grade coal (below 5100 Kcal/kg) by 2014.
“Resource nationalism reflects the expectation among governments that the sector should be contributing more for the right to exploit natural resources,” he says.
According Ernst & Young, the global skills shortage remains in second spot. Infrastructure access jump from the sixth position last year to the third position this year. The other risks are social license to operate (last year in the 5th position), capital project execution (new), price and currency volatility (9), capital allocation (1), cost management (3), interruptions to supply (new), and the last position fraud and corruption (new).
However, Elliot says it’s the myriad of supply capacity constraints that continue to dominate the risk list, accounting for six of the top 10-including the global skills shortage, capital allocation, infrastructure access, capital project execution, cost management, and interruptions to supply.
“The market is probably excessively optimistic about how much and how quickly new production is going to come on. All these supply capacity risks mean companies are unlikely to be able to capture the premium pricing as quickly. It also impacts the cost profile of projects, so there will need to be a higher rate of return to attract new investment and as a result commodity prices will need to be higher,” Elliot said.
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Saturday, 10 September 11
THE FREIGHT MARKET LIKELY TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued the upward trend during last week with BDI crossing 1,800 points and closing at 1,838 points up by 5.63 ...
Friday, 09 September 11
SUPRA BARA SECURES $20 MILLION LOAN - JP
The Jakarta Post reported that, Coal miner PT Supra Bara Energi says it has secured a US$20 million loan facility from BNP Paribas to buy heavy equi ...
Friday, 09 September 11
CAPESIZE CAN SECURE USD 17-18K SHORT PERIOD - FEARNBULK
Handy
The US Gulf has remained relatively steady, slightly more activity in the South Atlantic with owners aiming for low to mid USD 20k´s f ...
Thursday, 08 September 11
UKRAINES COAL PRODUCTION TO RISE 8% - IFANDP
Industrial fuels & power reported that, Ukraine will increase its coal output by about 8% this year compared to last year, said the country&rsqu ...
Thursday, 08 September 11
DRY BULK MARKETS RALLY COMES TO AN END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected by analysts and shipbrokers alike, the latest rally of the dry bulk market came to a halt yesterday, with the Baltic Dry Inde ...
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- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
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