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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, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
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- Bhatia International Limited - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
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