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Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor’s says it doubts the government will implement them strictly.
“Whether the government of Indonesia will follow up on its hard-line stance is still a question,” the ratings agency said in its latest report on mining.
However, S&P added that “our ratings on mining companies operating in Indonesia have long factored in the country’s evolving regulations. Therefore, our credit outlook on the sector remains stable.”
The government this year issued a series of controversial mining regulations, including plans for an ore export ban, higher royalties, a ceiling on foreign ownership of mining assets, a required upgrade in coal quality before export and so-called “contract of work” renegotiations.
“Not a week has passed without government officials calling for additional royalties, a review of ownership rules or a more equal redistribution of mineral wealth,” S&P said in the report.
Industry Minister M.S. Hidayat was on Thursday quoted by Reuters reiterating an earlier statement by his ministry that the government is studying a 25 percent tax on mining exports this year that will become a 50 percent tax in 2013.
S&P said that if the move is strictly implemented, it “would undeniably hurt Indonesian mining companies as well as international companies that have mining operations in Indonesia. It would raise the cost of doing business in the sector and lessen its attractiveness to investors.”
The ratings agency said that it believed “the government of Indonesia will take a pragmatic approach while implementing mining regulations, given the sector’s economic importance.”
Last year, the government received $6.5 billion in taxes and royalties from mining companies, constituting 5 percent of total government revenue.
Dileep Srivastava, the investor relations director at large coal miner Bumi Resources, expressed concern about the tax.
“If this is enacted, some of our metals and minor coal assets may be vulnerable,” he said.
“But it is premature to form any view yet.”
Source: The Jakarta Globe
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Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
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- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- The University of Queensland
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
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