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.
|
|
Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
|
|
|
Showing 6591 to 6595 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Australian Coal Association
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
|
| |
| |
|
