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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
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