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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Australian Coal Association
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Parliament of New Zealand
- Bhatia International Limited - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
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