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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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Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 111 MILLION) IN VISA POWER
Press Release - The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power ...
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- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
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