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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, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- The University of Queensland
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Parliament of New Zealand
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
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