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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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Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
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- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Minerals Council of Australia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- The University of Queensland
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
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