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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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Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
&q ...
Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
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- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Parliament of New Zealand
- Eastern Coal Council - USA
- The University of Queensland
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- PTC India Limited - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
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