We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
|
|
|
Showing 5336 to 5340 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
|
| |
| |
|
