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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- The University of Queensland
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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