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.
|
|
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
|
|
|
Showing 6016 to 6020 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Economic Council, Georgia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Australian Coal Association
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
|
| |
| |
|
