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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, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
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