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

Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it an ...


Thursday, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has ...


Thursday, 25 November 21
FITCH RATINGS INCREASES MOST GLOBAL METALS AND MINING PRICE ASSUMPTIONS - FITCH RATINGS
Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to glob ...


Thursday, 25 November 21
CHINA'S COAL PRICE DROPS IN MID-NOVEMBER AMID GOVERNMENT’S SWEEPING MEASURES - GLOBAL TIMES
China’s coal prices have dropped significantly in mid-November compared with the beginning of the month, with the price of coking coal and co ...


Wednesday, 24 November 21
MARKET INSIGHT - INTERMODAL
Inflation is the word that has dominated the meetings of foreign leaders and finance ministers in recent weeks, as rising energy costs, supply chai ...


   79 80 81 82 83   
Showing 401 to 405 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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