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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 07 October 14
API 8 CFR SOUTH CHINA COAL SWAP HEADED SOUTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 1.10 (-1.64%) month over month and US$ 0.25 (-0.38%) ...
Monday, 06 October 14
' COAL-BY-WIRE' FROM SUMATRA TO JAVA - THE JAKARTA POST
Coal from the island of Sumatra accounts for most of Indonesia’s low-grade lignite, a low-quality coal that receives a poor price in internat ...
Monday, 06 October 14
THE IRON ORE SHIPPING BUSINESS IS FACING SOME ROUGH SEAS - EAST ASIA FORUM
The impact of Chinese demand on global iron ore prices is well known. A less acknowledged consequence of China’s emergence is the transformat ...
Sunday, 05 October 14
BALTIC DRY INDEX SLIPS 1.14%; BALTIC PANAMAX INDEX GAINED 9.91% WEEK ON WEEK
COALspot.com: The BDI was down by 1.14 pct and closed at 1037 points this Friday.
The Cape index was down significantly week on week or lost 5 ...
Friday, 03 October 14
U.S. WEEKLY COAL PRODUCTION UP 5.8% TO 19.9 MMST
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.9 million short tons (mmst) of co ...
|
|
|
Showing 3451 to 3455 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
|
| |
| |
|
