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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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Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
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- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
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