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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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Monday, 12 December 16
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this past week and ending on a negative note week ...
Thursday, 08 December 16
STABLE OUTLOOK FOR GLOBAL MINING IN 2017 : FITCH
Fitch Ratings' sector and rating outlooks for the global mining industry in 2017 are both stable, reflecting Fitch's view that prices have ...
Thursday, 08 December 16
CHINESE COAL DEMAND WOULD BE THE KEY FACTOR THAT INFLUENCE WORLD COAL PRICES IN 2017, POLL
“WHAT ARE THE KEY FACTORS THAT MAY INFLUENCE WORLD'S COAL PRICES IN 2017?”
The on-line opinion poll conducted by COALspot.com ...
Thursday, 08 December 16
PANAMAX: THE FIRM TENDENCY CONTINUES IN BOTH HEMISPHERES - FEARNLEY
Supramax
Market remained firm - true mostly within Atlantic.
Star performer USG remained its title, where Supras reached around USD 21k ...
Wednesday, 07 December 16
SHIPPING MARKET INSIGHT - THEODOROS NTALAKOS
Looking back at my previous end-of-year insights, for the last seven years, in each and every one of them, I begin with something like “there ...
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- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
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