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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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Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
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- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
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- Thiess Contractors Indonesia
- Sical Logistics Limited - India
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- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
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- Sree Jayajothi Cements Limited - India
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- India Bulls Power Limited - India
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- Jorong Barutama Greston.PT - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Trasteel International SA, Italy
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- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
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- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
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- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- GMR Energy Limited - India
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- Aditya Birla Group - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
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- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
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