We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY&rsq ...
Wednesday, 06 July 22
MARKET INSIGHT - INTERMODAL
Following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a meaningful resurgence of discussions within the ship ...
Tuesday, 05 July 22
WHY ARE VLSFO PRICES SO HIGH, ESPECIALLY IN SINGAPORE? - STEVE CHRISTY, INTEGR8 FUELS
Tightness in products still trumps talks of recession
Last month we wrote about the fears of recession versus the tightness in product markets ...
Tuesday, 05 July 22
ADANI ENTERPRISES LOWEST BIDDER IN COAL INDIA'S IMPORT TENDER: REPORT - BUSINESS STANDARD
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report ...
Tuesday, 05 July 22
CHINA POLICY KEY FOR IRON ORE OUTLOOK - ING
China’s covid lockdowns and recessionary risks hit iron ore
Iron ore prices have fallen significantly from their year-to-date high of US$ ...
|
|
|
Showing 301 to 305 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
|
| |
| |
|
