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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, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Minerals Council of Australia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
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