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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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Thursday, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
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- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
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