We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
|
|
|
Showing 5641 to 5645 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Minerals Council of Australia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- The University of Queensland
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
|
| |
| |
|
