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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, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Central Java Power - Indonesia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Indika Energy - Indonesia
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