COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Wednesday, 22 April 15
TANKER MARKET INSIGHT - STRATOS TINIAKOS
The current environment we experience as a result of low crude oil prices is characterized by the increased demand for petroleum products in OECD c ...


Tuesday, 21 April 15
SUB-BIT FOB INDONESIA COAL SWAP: GAINED W-O-W; DECLINED M-O-M
COALspot.com: Indonesian coal swap for delivery Q2 2015 gained week over week and declined month on month. The Q2 swap was declined US$ 1.75 ( ...


Tuesday, 21 April 15
FOB RICHARDS BAY COAL SWAP MOVE UP SLIGHTLY
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased slightly month over month. The Q2 swap has increased US$ 0.2 ...


Monday, 20 April 15
BUKIT ASAM TAKES OVER STAKE IN JV FROM RAJAWALI - JP
State-owned coal miner PT Bukit Asam (PTBA) announced Friday that it had taken over almost the entire stake in a joint venture (JV) that it created ...


Monday, 20 April 15
FOB NEWCASTLE COAL SWAP GAINED WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 3.54 per MT (-7.21%) month over month and gained US$ 0.30 week ...


   611 612 613 614 615   
Showing 3061 to 3065 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Indorama - Singapore
  • Bharathi Cement Corporation - India
  • Star Paper Mills Limited - India
  • Maybank - Singapore
  • LBH Netherlands Bv - Netherlands
  • Global Coal Blending Company Limited - Australia
  • bp singapore
  • Medco Energi Mining Internasional
  • Gujarat Electricity Regulatory Commission - India
  • Coaltrans Conferences
  • Agrawal Coal Company - India
  • Edison Trading Spa - Italy
  • SMC Global Power, Philippines
  • Orica Australia Pty. Ltd.
  • Sical Logistics Limited - India
  • Simpson Spence & Young - Indonesia
  • GNFC Limited - India
  • Barclays Capital - USA
  • Indika Energy - Indonesia
  • TNPL - India
  • Maharashtra Electricity Regulatory Commission - India
  • NTPC Limited - India
  • Siam City Cement - Thailand
  • Indian School of Mines
  • PowerSource Philippines DevCo
  • European Bulk Services B.V. - Netherlands
  • Kalimantan Lumbung Energi - Indonesia
  • Geoservices-GeoAssay Lab
  • Samsung - South Korea
  • PetroVietnam Power Coal Import and Supply Company
  • Cosco
  • Thailand Anthracite
  • Mercuria Energy - Indonesia
  • Thermax Limited - India
  • VISA Power Limited - India
  • JPMorgan - India
  • PLN - Indonesia
  • IEA Clean Coal Centre - UK
  • SRK Consulting
  • Timah Investasi Mineral - Indoneisa
  • Bukit Baiduri Energy - Indonesia
  • Energy Development Corp, Philippines
  • SMG Consultants - Indonesia
  • Inspectorate - India
  • Deutsche Bank - India
  • Sree Jayajothi Cements Limited - India
  • Jaiprakash Power Ventures ltd
  • Miang Besar Coal Terminal - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Sakthi Sugars Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • SASOL - South Africa
  • International Coal Ventures Pvt Ltd - India
  • Electricity Generating Authority of Thailand
  • GHCL Limited - India
  • Siam City Cement PLC, Thailand
  • HSBC - Hong Kong
  • Kepco SPC Power Corporation, Philippines
  • MS Steel International - UAE
  • Bangkok Bank PCL
  • ICICI Bank Limited - India
  • Australian Coal Association
  • Manunggal Multi Energi - Indonesia
  • Africa Commodities Group - South Africa
  • KEPCO - South Korea
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Bhatia International Limited - India
  • GB Group - China
  • Posco Energy - South Korea
  • Enel Italy
  • Romanian Commodities Exchange
  • Global Business Power Corporation, Philippines
  • Sucofindo - Indonesia
  • Planning Commission, India
  • globalCOAL - UK
  • Uttam Galva Steels Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Mitsui
  • ING Bank NV - Singapore
  • Ministry of Transport, Egypt
  • Directorate Of Revenue Intelligence - India
  • SGS (Thailand) Limited
  • San Jose City I Power Corp, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • BNP Paribas - Singapore
  • Indian Energy Exchange, India
  • Price Waterhouse Coopers - Russia
  • Eastern Energy - Thailand
  • Makarim & Taira - Indonesia
  • Aditya Birla Group - India
  • Oldendorff Carriers - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Borneo Indobara - Indonesia
  • Xstrata Coal
  • The University of Queensland
  • Sindya Power Generating Company Private Ltd
  • Vitol - Bahrain
  • Sinarmas Energy and Mining - Indonesia
  • Malabar Cements Ltd - India
  • Arutmin Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Renaissance Capital - South Africa
  • South Luzon Thermal Energy Corporation
  • Platts
  • Krishnapatnam Port Company Ltd. - India
  • London Commodity Brokers - England
  • Reliance Power - India
  • Berau Coal - Indonesia
  • Power Finance Corporation Ltd., India
  • Bhushan Steel Limited - India
  • Glencore India Pvt. Ltd
  • CoalTek, United States
  • Essar Steel Hazira Ltd - India
  • GVK Power & Infra Limited - India
  • Maheswari Brothers Coal Limited - India
  • Minerals Council of Australia
  • IHS Mccloskey Coal Group - USA
  • Semirara Mining and Power Corporation, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Sojitz Corporation - Japan
  • Shenhua Group - China
  • Wilmar Investment Holdings
  • Bank of China, Malaysia
  • Mjunction Services Limited - India
  • Adaro Indonesia
  • Inco-Indonesia
  • RBS Sempra - UK
  • WorleyParsons
  • ASAPP Information Group - India
  • Economic Council, Georgia
  • Mitra SK Pvt Ltd - India
  • CESC Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Goldman Sachs - Singapore
  • Central Electricity Authority - India
  • Australian Commodity Traders Exchange
  • Indian Oil Corporation Limited
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • APGENCO India
  • PTC India Limited - India
  • Toyota Tsusho Corporation, Japan
  • SUEK AG - Indonesia
  • The State Trading Corporation of India Ltd
  • Wood Mackenzie - Singapore
  • Standard Chartered Bank - UAE
  • Indogreen Group - Indonesia
  • Surastha Cement
  • Attock Cement Pakistan Limited
  • Asian Development Bank
  • Global Green Power PLC Corporation, Philippines
  • Pinang Coal Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Tanito Harum - Indonesia
  • Maersk Broker
  • Rio Tinto Coal - Australia
  • EMO - The Netherlands
  • UBS Singapore
  • Riau Bara Harum - Indonesia
  • TeaM Sual Corporation - Philippines
  • Gresik Semen - Indonesia
  • TRAFIGURA, South Korea
  • Heidelberg Cement - Germany
  • Samtan Co., Ltd - South Korea
  • TNB Fuel Sdn Bhd - Malaysia
  • Singapore Mercantile Exchange
  • Merrill Lynch Commodities Europe
  • Japan Coal Energy Center
  • Ministry of Finance - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Iligan Light & Power Inc, Philippines
  • Cargill India Pvt Ltd
  • Cement Manufacturers Association - India
  • The India Cements Ltd
  • McConnell Dowell - Australia
  • J M Baxi & Co - India
  • GAC Shipping (India) Pvt Ltd
  • Vedanta Resources Plc - India
  • MEC Coal - Indonesia
  • Coeclerici Indonesia
  • Lafarge - France
  • ANZ Bank - Australia
  • Thriveni
  • Parry Sugars Refinery, India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Gujarat Sidhee Cement - India
  • Georgia Ports Authority, United States
  • TGV SRAAC LIMITED, India
  • Infraline Energy - India
  • Peabody Energy - USA
  • Britmindo - Indonesia
  • BRS Brokers - Singapore
  • Core Mineral Indonesia
  • CNBM International Corporation - China
  • Permata Bank - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Mintek Dendrill Indonesia
  • Binh Thuan Hamico - Vietnam
  • Idemitsu - Japan
  • India Bulls Power Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Central Java Power - Indonesia
  • Asia Cement - Taiwan
  • PLN Batubara - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Port Waratah Coal Services - Australia
  • Malco - India
  • Deloitte Consulting - India
  • Intertek Mineral Services - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Commonwealth Bank - Australia
  • Therma Luzon, Inc, Philippines
  • Energy Link Ltd, New Zealand
  • Holcim Trading Pte Ltd - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • Chamber of Mines of South Africa
  • Vale Mozambique
  • DBS Bank - Singapore
  • Bulk Trading Sa - Switzerland
  • Vizag Seaport Private Limited - India
  • Mercator Lines Limited - India
  • CCIC - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Coastal Gujarat Power Limited - India
  • Kobexindo Tractors - Indoneisa
  • New Zealand Coal & Carbon
  • Fearnleys - India
  • TANGEDCO India
  • Thiess Contractors Indonesia
  • Coal Orbis AG
  • Lanco Infratech Ltd - India
  • IOL Indonesia
  • Ince & co LLP
  • Leighton Contractors Pty Ltd - Australia
  • Metalloyd Limited - United Kingdom
  • Madhucon Powers Ltd - India
  • Interocean Group of Companies - India
  • McKinsey & Co - India
  • Bank of America
  • IMC Shipping - Singapore
  • CIMB Investment Bank - Malaysia
  • Eastern Coal Council - USA
  • Argus Media - Singapore
  • Ambuja Cements Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • IBC Asia (S) Pte Ltd
  • Trasteel International SA, Italy
  • Bangladesh Power Developement Board
  • Grasim Industreis Ltd - India
  • Qatrana Cement - Jordan
  • Altura Mining Limited, Indonesia
  • Shree Cement - India
  • Moodys - Singapore
  • Bhoruka Overseas - Indonesia
  • Electricity Authority, New Zealand
  • Antam Resourcindo - Indonesia
  • ACC Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • KOWEPO - South Korea
  • Freeport Indonesia
  • Platou - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Formosa Plastics Group - Taiwan
  • U S Energy Resources
  • Noble Europe Ltd - UK
  • Indonesian Coal Mining Association
  • Larsen & Toubro Limited - India
  • Cemex - Philippines
  • Baramulti Group, Indonesia
  • Indonesia Power. PT
  • Karbindo Abesyapradhi - Indoneisa
  • World Bank
  • Bayan Resources Tbk. - Indonesia
  • Humpuss - Indonesia
  • Orica Mining Services - Indonesia
  • Adani Power Ltd - India
  • The Treasury - Australian Government
  • Sarangani Energy Corporation, Philippines
  • Mitsubishi Corporation
  • Rudhra Energy - India
  • Straits Asia Resources Limited - Singapore
  • Dalmia Cement Bharat India
  • Thomson Reuters GRC
  • Tata Chemicals Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Arch Coal - USA
  • Petron Corporation, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • KPCL - India
  • Mechel - Russia
  • Kapuas Tunggal Persada - Indonesia
  • Total Coal South Africa
  • JPower - Japan
  • Carbofer General Trading SA - India
  • OCBC - Singapore
  • Panama Canal Authority
  • Independent Power Producers Association of India
  • Kumho Petrochemical, South Korea
  • Kobe Steel Ltd - Japan
  • Kideco Jaya Agung - Indonesia
  • Anglo American - United Kingdom
  • Marubeni Corporation - India
  • Ministry of Mines - Canada
  • Runge Indonesia
  • Ind-Barath Power Infra Limited - India
  • White Energy Company Limited
  • Meralco Power Generation, Philippines
  • Jindal Steel & Power Ltd - India
  • Savvy Resources Ltd - HongKong
  • Xindia Steels Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Coal and Oil Company - UAE
  • Latin American Coal - Colombia
  • EIA - United States
  • Videocon Industries ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Thai Mozambique Logistica
  • GN Power Mariveles Coal Plant, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Semirara Mining Corp, Philippines
  • Pendopo Energi Batubara - Indonesia
  • World Coal - UK
  • Clarksons - UK
  • Jatenergy - Australia
  • Meenaskhi Energy Private Limited - India
  • NALCO India
  • Coal India Limited
  • Russian Coal LLC
  • Cebu Energy, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Coalindo Energy - Indonesia
  • Barasentosa Lestari - Indonesia
  • Tamil Nadu electricity Board
  • Credit Suisse - India
  • Tata Power - India
  • Salva Resources Pvt Ltd - India
  • GMR Energy Limited - India
  • Cardiff University - UK
  • Petrosea - Indonesia
  • Banpu Public Company Limited - Thailand
  • Merrill Lynch Bank
  • PetroVietnam
  • KPMG - USA
  • Gupta Coal India Ltd
  • Parliament of New Zealand
  • Bukit Makmur.PT - Indonesia
  • Maruti Cements - India
  • ETA - Dubai
  • UOB Asia (HK) Ltd