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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, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- The University of Queensland
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
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