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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, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
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