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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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Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
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- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
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