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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, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
Tuesday, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
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- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
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