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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, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
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- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Planning Commission, India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
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