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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, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
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- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
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- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
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- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Parliament of New Zealand
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- PTC India Limited - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
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