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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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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- PTC India Limited - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- The University of Queensland
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
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