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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, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
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- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
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