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Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact on the operations of the country's upstream oil and gas (O&G) companies.
The ruling does not impact existing upstream contracts made under BP Migas since its establishment in 2002, as these are not invalidated by the court ruling.
Furthermore, the regulatory functions of BP Migas have been transferred to the Ministry of Energy and Mineral Resources with immediate effect.
Fitch believes that the immediate impact of the ruling is limited to possible delays on completion of contracts for oil and gas exploration, development and production that were under consideration at the time of BPMIGAS's dissolution, including both new and contract extensions.
Although upstream operators are not materially affected by this development, the ruling highlights regulatory and legal risks in Indonesia, especially in the natural resources sector. Fitch already incorporates a higher level of regulatory risk than other jurisdictions when assessing the credit quality of Indonesia resources companies.
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Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
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- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
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