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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Australian Coal Association
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- PTC India Limited - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
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