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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, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Australian Coal Association
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
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