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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Monday, 02 March 15
FOB NEWCASTLE COAL SWAP ROSE 6.89% MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 3.35 per MT (+6.89%) month over month and US$ 0.40 (0.78%) week on ...
Sunday, 01 March 15
BDI INDEX SLIGHTLY UP CAUSED AN INCREASE IN THE PANAMAX, SUPARAMAX AND HANDY SIZE INDICES
COALspot.com: The freight market saw some gains this week and BDI was up 5.26 pct closed at 540 points. However the Cape index failed to follow BDI ...
Friday, 27 February 15
WEEKLY US COAL PRODUCTION DOWN AN ESTIMATED 14.0% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 16.5 million short tons (mmst) of coal ...
Thursday, 26 February 15
DRY BULK MARKET COULD REBOUND FROM HISTORICAL LOWS IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market could exit from its historical lows in the coming weeks, as Chinese buyers reenter the market after the holiday celebrations. T ...
Thursday, 26 February 15
COAL POLICY RISK: HIGHER ROYALTIES FOR IUP HOLDERS - BAHANA SECURITIES | JAKARTA POST
The Energy and Mineral Resources Ministry plans to raise coal royalties charged to mining operation permit (IUP) holders by the end of the first qu ...
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- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
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