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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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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
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- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- White Energy Company Limited
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- The University of Queensland
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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