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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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Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
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- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
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