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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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Tuesday, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended 0700 hours 26 November 2012, Newc ...
Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
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- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- White Energy Company Limited
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
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