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Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
 COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o-Y but 10.84 percent lesser M-o-M. Indonesia has exported 284.83 million tons of coal including semi coking and LRC coal in year 2010, according to our source who is familiar with Indonesian coal exports.
Exports to China
January 2011 has witnessed a drop in Indonesia's coal exports to china by 43.63 percent compared to December 2010 exports. January exports of Indonesian coal to china amounted to 4.796 million tons as against 8.510 million tons in December 2010. Last year Chinese's utilities have imported more Indonesian coal than Indian Utilities. Out of Indonesian Coal Exports in 2010 China accounted for 74.570 million tons which is around 26.18 percent of the total coal exports.
India 2nd largest Importer
India became the second largest importer of Indonesian coal in 2010. 47.593 million tons of Indonesian coal has been imported both by government and private utilities of India in 2010. India’s January 2011 imports of Indonesian coal have jumped significantly. India has imported 6,099,932 MT of coal in January 2011 compared to just 3,885,454 MT in a month ago or 56.99 percent higher than December imports. In 2010 Indonesia has exported 16.70 percent of its total coal exports to India.
Top five Indonesian coal importers in 2010 were China, India, South Korea, Japan and Taiwan.
India reduces import duty for Indonesian coal
India has introduced special reduced rate of import duty for Indonesian coal since January 2011. Thereby Indonesian coal enjoys 2% cheaper import duty in India compared to other origins of coal. According to market players, Indonesian coal is subjected to a duty of 3 percent as against 5 percent for other origins of coal.
Indonesian coal traders must hold IUP OP KPP
Early January Indonesia has implemented temporary coal export ban on coal traders until 4th of February. After a month of ban, finally Indonesia has allowed few coal traders to resume coal exports. According to government officers, as of 18th February, Indonesia has issued 63 trading or export licenses to Indonesian coal trading companies. Still few hundreds of applications were in process with the mining department. This ban led to lower exports by around 10 percent compared to December 2010 exports.
Indonesian to ban on coal below 5600 GAD by 2014
As per the news sources Indonesian government is contemplating a ban of coal with calorific value below 5600 Kcal/kg on GAD basis by 2014. In order to get export eligibility LRC coal producers asked to upgrade their coal to 5600 GAD or more. If not miners will have to depend on home market. This move of the Government makes the message clear that value added product should only be exported. This action encourages miners to establish additional facilities and generate additional employment or to sell the raw product within the country as more domestic consumption is predicted in the coming years. Export of Value added product enhances the inward remittances and fetches more taxes and revenue.
However, experts and some major stake holders are of the opinion that the proposed ban by 2014 may not be practical due to non availability of commercially viable upgrading and conversion technology at this moment. Also the infrastructure needed for this type of mammoth activity of beneficiation and upgrading of coal needs large sums of investments. According to industry sources, worldwide the upgrading technology is in the nascent stages and yet to be established. At this moment there is no proven technology is available to upgrade coal at a workable cost. Due to these reasons and also to protect the export income many big coal producers are lobbying with the Government to dilute the seriousness of the proposal.
Low calorific value coal accounts for almost 60% of the total Indonesian coal production or exports an exporter said. International coal prices are still at lower level and it will not be workable for upgraded coal to compete with coal that has been produced from other countries including new comers such as Mozambique and Mongolia. Once the logistical bottlenecks are cleared, these two countries become big competitors for other coal producing countries. In this context how the proposed ban on below 5600 GAD coal would take a shape is much crucial and an acid test for the Government to sustain the heavy pressure from LRC coal producers and also politically an important year due to Presidential/general elections.
Indian investment in LCV coal mines
According to industry sources, there was a spate of Indian companies’ investment in several low GCV coal mines in Indonesia with a motive of attaining fuel security. According to available data, more than two dozen Indian companies have already invested in coal mines in Indonesia and some of them are already in production. Majority of Indian investors in Indonesia were end-users and the purpose of investment was purely captive use. The reaction of this captive investor’s is yet to be seen if the bans seriously considered and implemented by 2014. In which case they might claim exemption for their captive usage in India or withdraw their existing investments and channelize the same to other upcoming promising destinations like Mongolia, Mozambique and Australia. One of the serious investor opined that in case such ban is inevitable the Indian investor arbitrage on the cost of upgradation Vs migrating to other viable destinations. However, one trend is clearly emerging that Indian coal mine investments abroad are seeing steady increase. The evidence of recent acquisition of Western Australia’s Griffin Coal Mines for a whopping US$ 750 Million by Lanco group or aggressive investments in Mozambique, South Africa and Queensland shows the urge of Indian industry main agenda of attaining a level of continuous and reliable coal supplies. Understand US coal started coming to India. One of the major cement plants in west coast India contracted for 7 shipments of high sulphur, high calorific value coal from US on CFR terms at much cheaper cost than Indonesia. According to a major power developer in India, majority of the Indian private power plants would start operating by end 2013, hence all the Indian industries are seriously scouting for acquiring mines abroad. In view of the current uncertainty of high calorific value coal mines availability in Indonesia and the threatening proposal of ban below 5600 gad coal making them to focus on other origin coals. Moving higher calorific value coals by capesize vessels are seen as the cheaper remedies to counter the vagaries of Indonesian low calorific value and high moisture coals with stringent regulations and threat of recurring Force Majors.
ICRP
Indonesia already successfully implemented monthly coal reference price for its coal. Coal producers were asked to comply with the government declared index prior to conclude any short term and long terms coal sales agreement with its buyers. Indonesian HBA have raised fifth straight month and it was at US$ 127.05 in February 2011.
The coal export information within this article is provided by coalspot.com on an "as is" and "as available” basis. All details about, given in good faith and has been collected from various press reports, organization and individuals considered reliable but without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.(cs)
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Wednesday, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
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- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Australian Coal Association
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
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