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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Monday, 04 August 14
Q1' 15 API 8 CFR SOUTH CHINA COAL SWAP CLOSED AT US$ 69.37 ON 1 AUGUST 2014; A $ 1.10 HIGHER COMPARED TO Q4' 2014 CLOSING
COALspot.com: Coal swap prices are showing a positive move upward this past week. API 8 CFR South China Coal swap for Q4, Q1 and Q2 2015 show ...
Sunday, 03 August 14
LACK OF COAL SHIPMENTS FROM FAR EAST/SE ASIA, THE PRESSURE ON CHARTER RATES CONTINUED THIS WEEK
COALspot.com: This week, the freight rates were almost flat as charter rates were also almost steady from last week.
The BDI was up by 2.59 pc ...
Friday, 01 August 14
UNCERTAINTY IN ASIAN COAL MARKETS WHERE INDEX-LINKED PRICING DOMINATES - SGX
COALspot.com: In the past 3 years, seaborne thermal coal markets have been in a state of constant oversupply.
Reuters expects this oversupply ...
Friday, 01 August 14
U.S PRODUCED 19.4 MMST OF COAL IN A WEEK, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Thursday, 31 July 14
CAPESIZE: CARGO VOLUMES, COAL IN PARTICULAR, PRESENTLY NOT SUFFICIENT TO EMPLOY A GROWING FLEET - FERNLEYS
Handy
Both the Atlantic and Pacific has improved in the supramax segment over the last week, said Fernleys in Its latest weekly report . There we ...
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- Ambuja Cements Ltd - India
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- Central Java Power - Indonesia
- Georgia Ports Authority, United States
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- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
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- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Madhucon Powers Ltd - India
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- Petron Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
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- Indian Oil Corporation Limited
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- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
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- PowerSource Philippines DevCo
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- Baramulti Group, Indonesia
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- London Commodity Brokers - England
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
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- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
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- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
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- Larsen & Toubro Limited - India
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- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
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- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Australian Coal Association
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
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- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Eastern Coal Council - USA
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
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- Singapore Mercantile Exchange
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- PTC India Limited - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
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- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
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- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
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