We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
|
|
|
Showing 4696 to 4700 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
|
| |
| |
|
