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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
Wednesday, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
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- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
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