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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, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
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- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Planning Commission, India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
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