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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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- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
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