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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, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
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