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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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Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- The University of Queensland
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
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