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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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Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
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- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Australian Coal Association
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
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