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.
|
|
Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
|
|
|
Showing 6411 to 6415 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Planning Commission, India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
|
| |
| |
|
