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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Monday, 30 March 15
WORST IS OVER FOR THE DRY BULK MARKET, BUT THE PAIN WILL REMAIN FOR YEARS TO COME, SAYS BIMCO CHIEF ANALYST - HELLENIC SHIPPING
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all sh ...
Monday, 30 March 15
Q3' 15 CFR SOUTH CHINA COAL SWAP: DECLINED 8.7% M-M; 12.77% Y-TO-D
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 5.00 (-8.70%) per MT month over month and US$ 1.33 (-2 ...
Monday, 30 March 15
Q2' FOB NEWCASTLE COAL SWAP CLOSED 4.47% HIGHER THAN Q4' CLOSING PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 5.42 per MT (-10.43%) month over month and US$ 1.60 (-3.32%) w ...
Sunday, 29 March 15
INDO - INDIA: SUPRAMAX & PANAMAX FREIGHT MARKET STEADY
COALspot.com: The freight market was almost stable as all segments slightly up except Panamax sector.
The BDI was up by just 0.85% week over w ...
Saturday, 28 March 15
IS NORTHERN EUROPE THE NEW MINING ELDORADO?
The Europe Mining 2015 Summit, organised by Global Summits organizer IRN on 17-18 June in Amsterdam, The Netherlands, will gather senior level repr ...
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- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Posco Energy - South Korea
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
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