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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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Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
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- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Australian Coal Association
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Planning Commission, India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- CNBM International Corporation - China
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- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
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- ICICI Bank Limited - India
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- Binh Thuan Hamico - Vietnam
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- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
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- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
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- Merrill Lynch Commodities Europe
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- White Energy Company Limited
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- Coal and Oil Company - UAE
- Interocean Group of Companies - India
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- McConnell Dowell - Australia
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- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
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- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Baramulti Group, Indonesia
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- Metalloyd Limited - United Kingdom
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- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
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- Mercator Lines Limited - India
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- Sindya Power Generating Company Private Ltd
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- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Economic Council, Georgia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
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- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
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- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
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