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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, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
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- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Eastern Energy - Thailand
- VISA Power Limited - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Planning Commission, India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Agrawal Coal Company - India
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