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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, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
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