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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, 15 December 11
DRY BULK RATES TO REMAIN AT CURRENT LEVELS FOR THE MOST PART IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest research note, BIMCO said that the Capesize Time Charter Average will remain at USD 20,000-30,000 per day but the tonnage oversupply w ...
Wednesday, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the lo ...
Wednesday, 14 December 11
TIMAH PLANS TO BOOST ITS COAL PRODUCTION TO TWO MILLION TONS PER ANNUM - SOURCES
COALspot.com - Timah plans to boost its coal production to two million tons per annum. The company also expects to acquire coal concession with mini ...
Wednesday, 14 December 11
BORNEO RESOURCE INVESTMENTS LTD. FINALIZES ACQUISITION OF INTEGRA PRIMA
COALspot.com - Borneo Resource Investments Ltd., announced that it has finalized the acquisition of an additional 1,300 hectare coal mining concessi ...
Tuesday, 13 December 11
BERAU COAL SCOUTS US$1.61 BIO SALES - INSIDER STORIES
Insider Stories reported that, coal mining company PT Berau Coal Energy Tbk (BRAU), that is 85% owned by London-listed company Bumi Plc, estimates a ...
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- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- White Energy Company Limited
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
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