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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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Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
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- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
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