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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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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Planning Commission, India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
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