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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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Sunday, 06 December 15
DRY BULK MARKET ON REVERSE MODE, SET TO BREAK NEW ALL-TIME LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been the negative “star” of the shipping industry for quite some time. In fact if it wasn’t for the boomi ...
Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the l ...
Friday, 04 December 15
FOB INDONESIA COAL SWAPS ARE ALMOST FLAT OVER WEAK DEMAND
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and rose slightly week over week. Coal prices seen very margi ...
Friday, 04 December 15
COAL PRODUCTION IN THE U.S. FOR W/E NOVEMBER 28TH FELL SLIGHTLY FROM THE PREVIOUS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 15.0 million shor ...
Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will cont ...
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- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
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