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Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
 Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian government attempts to benchmark its coal prices to international indices. The new system has the potential to increase the cost of thermal power generated using imported coal in India.
The new method that will come into effect from September attempts to link the royalties paid to the Indonesian government to an index of coal prices for Australian and South African coal in addition to others. But Indian firms said Indonesian coal is of lower calorific value and, hence, priced cheaper compared with Australian and South African coal.
Deepak Amitabh, director (corporate finance) of PTC, said there are lots of issues, which still need to be sorted before the coal prices are determined. “We are still not clear how the government will work out the price differentials between Indonesian coal and that produced by Australia or South Africa, for example. Also the spot prices are always costly compared with the long-term sales contracts. We need to find out if the long term contracts for Indonesian coal would be at discount to international market prices or not.”
In September 2010 the Indonesian government issued new regulations to determine the benchmark price for the sale of coal and minerals. The regulation proposes to peg the price for both domestic sales and export of coal to a ‘benchmark price’ for all the mining licensees. Dipesh Dipu, director, consulting (mining) at Deloitte in India said the new regulation will force companies to transact at market prices, which may be seen as raising the cost of delivered coal in India.
“When companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipu.
Banmali Agarwala, executive director and head of business development at Tata Power said, “The increased pricing will definitely affect the cost of generation and we are trying to work out a strategy to handle the additional hike.”
Adani group that sources coal from its mines in Indonesia is also expected to be affected by this regulation, as Adani Enterprises has direct stake in Bunyu mines in Indonesia. Adani Power has contracted to procure 4.6 mtpa coal from Adani Enterprises at $36 per tonne. However, the total import requirement for present operational capacities is around 6 mtpa.
Vijaykumar Bupathy, senior analyst with Spark Capital Advisors, said in report that “Assuming a $50 per tonne increase in the free on board (FoB) price of coal, there would be Rs 1,040 crore incremental fuel cost to the group to the extent of the committed 4.6 mtpa of supply alone.” However, when Financial Chronicle contacted Adani Enterprises, the company said there will be no direct impact on the company, since its total cost of mining and transporting Indonesian coal to Mundra is $25 per tonne. The coal is sold to Adani Power at $36 per tonne. “Any hike in price would only increase the royalty payments by around $1 or $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Thursday, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to incre ...
Wednesday, 08 June 11
BAYAN TO DISTRIBUTE RP. 80 ( APPROX. US$ 0.00939850) PER SHARE DIVIDEND
Coal miner PT Bayan Resources Tbk (BYAN), that is controlled by business Dato' Low Tuck Kwong, will distribute Rp80 a share dividend or Rp266.7 bil ...
Wednesday, 08 June 11
CBM PRODUCTION FROM AUSTRALIA, CHINA, INDIA, AND INDONESIA IS EXPECTED TO WITNESS A SIGNIFICANT INCREASE BY 2015
Press Release - According to Global Data (December 2010), CBM production in Australia, China, India, and Indonesia is expected to witness a signific ...
Sunday, 05 June 11
COAL IMPORTS BY CHINA IS LIKELY TO INCREASE - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week except for the BDI and Cape index was up, but even in these sectors the momentum was compared t ...
Friday, 03 June 11
DRY BULK MARKETS RESURGENCE APPEARS TO BE LOSING SOME STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s seems to be losing some steam, despite reports of growing Chinese demand for commodities, especially coal, on the back o ...
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- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
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