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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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Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
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- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
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- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
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- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
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- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
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- Siam City Cement PLC, Thailand
- Planning Commission, India
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- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
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- Thiess Contractors Indonesia
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- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
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- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
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- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
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- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
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- PTC India Limited - India
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- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
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- Eastern Coal Council - USA
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- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
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- Bhatia International Limited - India
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
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- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
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- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
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- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
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- Kepco SPC Power Corporation, Philippines
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