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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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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Planning Commission, India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Economic Council, Georgia
- Dalmia Cement Bharat India
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