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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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Wednesday, 23 September 15
INDONESIA: NEW REGULATION APPLIES FINAL INCOME TAX TO MINERAL AND COAL SALES - FLORENCE GRACIA SANTOSO
To increase state revenue from the mining sector, the Government of Indonesia has imposed a new final income tax on any sale of mineral and coal, a ...
Tuesday, 22 September 15
1Q16 FOB INDONESIA COAL SWAP DECLINED 6.49 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week.
The 4Q swap declined $ 2.29 (-5.42%) per t ...
Tuesday, 22 September 15
FOB RICHARDS BAY COAL SWAPS FALL CONTINUES
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month.
The 4Q swap was down US$ ...
Monday, 21 September 15
Q4' 15 FOB NEWCASTLE COAL SWAP CLOSED HIGHER THAN Q2' 16 SWAP
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery increased $0.43 per ton (1.01%) month over month to US$ 42.95 per ton. The ...
Monday, 21 September 15
CFR SOUTH CHINA COAL SWAP GAINED WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 0.45 (0.90 %) per ton month over month.
A commodit ...
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- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
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