COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY


COALspot.com - Indonesia shipped 28.962 Million tons of coal  in May 2011, up by 15.86 percent compared to April export of about  24.995 million tons, Indonesian coal industry sources said. 56.30 percent up year-to year.

China's Indonesian coal imports have jumped up drastically in May by 2.105 MMt compared to its April imports. Chinese coal imports from Indonesia in May was higher than India's imports from Indonesia. India has imported 6.368 million tons in May where’s China has imported about 8.21 MMt which was 1.841 million MT higher. 

India has lost its largest Indonesian coal importer status to China first time in the last five months. India was the largest Indonesian coal importer since January 2011 followed by China and other Asian countries. China is expected to import more coal in this month and coming months to increase energy supplies to prevent a worsening of its  summer power shortage in seven years.

According to analyst, China faces a power shortfall, and that may extend to 40GW this northern summer, surpassing its 2004 power shortfall. China’s benchmark power-station coal prices rose to the highest since October 2008 as summer electricity demand increased in the world’s fastest-growing major economy, as quoted by Bloomberg its report early this week.

According to Indian coal minister,  Indian coal imports may be at 250 million tons per annum by 2016. Coal imports is unavoidable option for Indian utilities due to non availability of  economically viable coal from domestic mines.  However, according to Indian UMPPs, due to Indonesian government regulation that forces all coal producers must sell coal at government declared monthly prices, would cost them at least US$ 30 per ton higher than they previously budgeted.

"Implementation of this proposed new rule  by the Indonesian government ( I.e., the law mandates all coal producers to sell coal at government declared prices) will adversely impact all existing and future imported coal-based power plants in India, including UMPPs," Ashok Khurana, the Director General of the Association of Power Producers, said as reported by an Indian paper.

“When Indian 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 Dipesh Dipu, director, at Deloitte, mydigitalfc reported.


Indonesia has introduced bench mark pricing mechanism for its coal  since February 2010, and it has implemented for the domestic supplies as well export market. The pricing was done on very transparent way using four internationally acceptable coal indices to generate monthly Indonesian coal reference prices for about 62 types of coal including 8 types of bench mark qualities.

The regulation also requires miners to report sales volumes, prices, and buyers every month to the government, allowing it to ensure that the rules are being followed. Violations can lead to revocation of mining permits. The price benchmark aims to prevent firms selling coal to affiliates at low prices to avoid taxes that hurts Indonesia's efforts to collect revenues from its massive commodity exports.

Ministry of Energy and Mineral Resources of Indonesia has set the June 2011 Indonesian Coal Reference Price for thermal coal at US$ 119.03 per ton per ton, which was 1.20 percent higher than May 2011 price of US$ US$ 117.61. Assessment basis of coal price reference was calculated considering coal with GCV (GAR)  6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and  delivery free on Board (FOB) Vessel basis  and applicable for spot contract, delivery between 1 – 30 June 2011.

Indonesian bituminous coal of 5,500 kcal/kg NAR was offered at between $ 108 - 110 a ton, FOB vessel basis this week, slightly up from last week price, traders said.

According to Indian power industry sources opined that  Indian UMPPs ( ultra-mega power project) suddenly caught in between as the concept of UMPP was implemented 4 to 5 years back. The large scale industrial houses in India  have bided and secured UMPP licenses based on the open market prices /long term coal contracts from Indonesian producers (I.e., pre regulated Indonesian market). Now that Indonesian coal reference price mechanism is in place all the UMPP's are seeking Indian government’s assistance in revising the Power Tariff of UMPP.

Now, the bankers who have funded the projects are bit worried about the rising Indonesian coal costs versus the power sales price which was pegged at pre-regulation prices, Indian banking industry sources said. Now, we need to see whether Indian Government allows the UMPPs to revise the power sale prices based on Indonesian coal reference price mechanism.

As such India cement and steel industries were used to buy coal from South Africa and Australia on index base pricing mechanism since last four to five years. in view of the attractive profit margin levels, entire Indonesian coal producers migrated to Index based pricing for coal contracts . “Where's still many of the Indian utilities and private consumers are still procuring the coal on firm delivered basis. This concept is creating lot of confusion in the Indian trade circles” an Indian trader commented.

77.12 percent of total coal exports in May goes to China, India, South Korea, Japan and Taiwan respectively.

The coal export information within this article is provided by coalspot.com on an "as is" and "as available” basis. All details about, given in good faith, without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...


Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...


Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...


Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...


Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In  May 2010 the BDI touched ...


   1081 1082 1083 1084 1085   
Showing 5411 to 5415 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Pipit Mutiara Jaya. PT, Indonesia
  • DBS Bank - Singapore
  • Britmindo - Indonesia
  • Xindia Steels Limited - India
  • Ernst & Young Pvt. Ltd.
  • Kideco Jaya Agung - Indonesia
  • Georgia Ports Authority, United States
  • Thomson Reuters GRC
  • Tata Chemicals Ltd - India
  • Energy Development Corp, Philippines
  • Commonwealth Bank - Australia
  • TGV SRAAC LIMITED, India
  • Kartika Selabumi Mining - Indonesia
  • GNFC Limited - India
  • Sakthi Sugars Limited - India
  • NTPC Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Africa Commodities Group - South Africa
  • Ministry of Transport, Egypt
  • Kepco SPC Power Corporation, Philippines
  • New Zealand Coal & Carbon
  • ANZ Bank - Australia
  • Meenaskhi Energy Private Limited - India
  • Mitra SK Pvt Ltd - India
  • Thiess Contractors Indonesia
  • Infraline Energy - India
  • World Bank
  • Central Java Power - Indonesia
  • Japan Coal Energy Center
  • Mercator Lines Limited - India
  • Bank of America
  • Eastern Coal Council - USA
  • Semirara Mining and Power Corporation, Philippines
  • Surastha Cement
  • Orica Australia Pty. Ltd.
  • McKinsey & Co - India
  • Sarangani Energy Corporation, Philippines
  • Maybank - Singapore
  • APGENCO India
  • GB Group - China
  • Indika Energy - Indonesia
  • GMR Energy Limited - India
  • HSBC - Hong Kong
  • Videocon Industries ltd - India
  • Timah Investasi Mineral - Indoneisa
  • Ministry of Mines - Canada
  • CNBM International Corporation - China
  • KEPCO - South Korea
  • CoalTek, United States
  • Toyota Tsusho Corporation, Japan
  • Coal and Oil Company - UAE
  • Baramulti Group, Indonesia
  • Port Waratah Coal Services - Australia
  • Sindya Power Generating Company Private Ltd
  • Thai Mozambique Logistica
  • Inco-Indonesia
  • Cemex - Philippines
  • Edison Trading Spa - Italy
  • SRK Consulting
  • Oldendorff Carriers - Singapore
  • Globalindo Alam Lestari - Indonesia
  • Berau Coal - Indonesia
  • Jatenergy - Australia
  • Bangkok Bank PCL
  • Samtan Co., Ltd - South Korea
  • MEC Coal - Indonesia
  • Core Mineral Indonesia
  • Cardiff University - UK
  • McConnell Dowell - Australia
  • Argus Media - Singapore
  • Sojitz Corporation - Japan
  • Bayan Resources Tbk. - Indonesia
  • Bukit Makmur.PT - Indonesia
  • SUEK AG - Indonesia
  • Jaiprakash Power Ventures ltd
  • IOL Indonesia
  • Kumho Petrochemical, South Korea
  • Malco - India
  • Sree Jayajothi Cements Limited - India
  • India Bulls Power Limited - India
  • Thriveni
  • Indian Oil Corporation Limited
  • Parliament of New Zealand
  • Runge Indonesia
  • Malabar Cements Ltd - India
  • globalCOAL - UK
  • Kalimantan Lumbung Energi - Indonesia
  • Intertek Mineral Services - Indonesia
  • TANGEDCO India
  • Bukit Baiduri Energy - Indonesia
  • TeaM Sual Corporation - Philippines
  • Maruti Cements - India
  • Deloitte Consulting - India
  • Indogreen Group - Indonesia
  • Bhushan Steel Limited - India
  • Bharathi Cement Corporation - India
  • Sical Logistics Limited - India
  • Eastern Energy - Thailand
  • Jindal Steel & Power Ltd - India
  • London Commodity Brokers - England
  • Kohat Cement Company Ltd. - Pakistan
  • PetroVietnam Power Coal Import and Supply Company
  • Economic Council, Georgia
  • Posco Energy - South Korea
  • Attock Cement Pakistan Limited
  • LBH Netherlands Bv - Netherlands
  • GVK Power & Infra Limited - India
  • Rio Tinto Coal - Australia
  • Mintek Dendrill Indonesia
  • Chamber of Mines of South Africa
  • Gujarat Sidhee Cement - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Medco Energi Mining Internasional
  • Energy Link Ltd, New Zealand
  • Permata Bank - Indonesia
  • Coalindo Energy - Indonesia
  • Tata Power - India
  • Australian Commodity Traders Exchange
  • Mitsubishi Corporation
  • Simpson Spence & Young - Indonesia
  • Indonesian Coal Mining Association
  • J M Baxi & Co - India
  • Coal India Limited
  • Makarim & Taira - Indonesia
  • Vale Mozambique
  • Petrosea - Indonesia
  • Latin American Coal - Colombia
  • Kapuas Tunggal Persada - Indonesia
  • ETA - Dubai
  • The State Trading Corporation of India Ltd
  • Metalloyd Limited - United Kingdom
  • Borneo Indobara - Indonesia
  • Global Coal Blending Company Limited - Australia
  • GHCL Limited - India
  • Riau Bara Harum - Indonesia
  • Minerals Council of Australia
  • Mercuria Energy - Indonesia
  • Deutsche Bank - India
  • EMO - The Netherlands
  • Manunggal Multi Energi - Indonesia
  • Wilmar Investment Holdings
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Shree Cement - India
  • Miang Besar Coal Terminal - Indonesia
  • Aditya Birla Group - India
  • Siam City Cement PLC, Thailand
  • Pinang Coal Indonesia
  • Mjunction Services Limited - India
  • IBC Asia (S) Pte Ltd
  • Freeport Indonesia
  • Heidelberg Cement - Germany
  • Neyveli Lignite Corporation Ltd, - India
  • Kaltim Prima Coal - Indonesia
  • Power Finance Corporation Ltd., India
  • Bangladesh Power Developement Board
  • PNOC Exploration Corporation - Philippines
  • Rudhra Energy - India
  • SGS (Thailand) Limited
  • Billiton Holdings Pty Ltd - Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • The Treasury - Australian Government
  • Price Waterhouse Coopers - Russia
  • PLN Batubara - Indonesia
  • MS Steel International - UAE
  • Arutmin Indonesia
  • Moodys - Singapore
  • CCIC - Indonesia
  • Inspectorate - India
  • VISA Power Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Petrochimia International Co. Ltd.- Taiwan
  • Aboitiz Power Corporation - Philippines
  • Total Coal South Africa
  • Planning Commission, India
  • Bulk Trading Sa - Switzerland
  • Geoservices-GeoAssay Lab
  • Xstrata Coal
  • KPCL - India
  • Barclays Capital - USA
  • Interocean Group of Companies - India
  • Coaltrans Conferences
  • Credit Suisse - India
  • Standard Chartered Bank - UAE
  • SMC Global Power, Philippines
  • ACC Limited - India
  • ING Bank NV - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Directorate Of Revenue Intelligence - India
  • World Coal - UK
  • ASAPP Information Group - India
  • Lanco Infratech Ltd - India
  • Essar Steel Hazira Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Glencore India Pvt. Ltd
  • Mechel - Russia
  • Russian Coal LLC
  • Ambuja Cements Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Karaikal Port Pvt Ltd - India
  • Larsen & Toubro Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Anglo American - United Kingdom
  • The India Cements Ltd
  • Bhoruka Overseas - Indonesia
  • Asia Cement - Taiwan
  • SASOL - South Africa
  • Cargill India Pvt Ltd
  • Carbofer General Trading SA - India
  • Global Green Power PLC Corporation, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Central Electricity Authority - India
  • Indian Energy Exchange, India
  • Rashtriya Ispat Nigam Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Qatrana Cement - Jordan
  • European Bulk Services B.V. - Netherlands
  • Krishnapatnam Port Company Ltd. - India
  • Electricity Authority, New Zealand
  • GN Power Mariveles Coal Plant, Philippines
  • Binh Thuan Hamico - Vietnam
  • PowerSource Philippines DevCo
  • BNP Paribas - Singapore
  • Cebu Energy, Philippines
  • Fearnleys - India
  • OCBC - Singapore
  • Reliance Power - India
  • Gupta Coal India Ltd
  • Adani Power Ltd - India
  • Petron Corporation, Philippines
  • GAC Shipping (India) Pvt Ltd
  • CIMB Investment Bank - Malaysia
  • Indo Tambangraya Megah - Indonesia
  • Adaro Indonesia
  • PLN - Indonesia
  • Lafarge - France
  • Savvy Resources Ltd - HongKong
  • Semirara Mining Corp, Philippines
  • TRAFIGURA, South Korea
  • Orica Mining Services - Indonesia
  • Altura Mining Limited, Indonesia
  • Siam City Cement - Thailand
  • International Coal Ventures Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Ceylon Electricity Board - Sri Lanka
  • Gujarat Electricity Regulatory Commission - India
  • Vedanta Resources Plc - India
  • Thailand Anthracite
  • Merrill Lynch Commodities Europe
  • Thermax Limited - India
  • Peabody Energy - USA
  • Sinarmas Energy and Mining - Indonesia
  • UOB Asia (HK) Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • San Jose City I Power Corp, Philippines
  • Singapore Mercantile Exchange
  • Indorama - Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • JPower - Japan
  • Karbindo Abesyapradhi - Indoneisa
  • Asian Development Bank
  • Humpuss - Indonesia
  • EIA - United States
  • Therma Luzon, Inc, Philippines
  • Marubeni Corporation - India
  • Pendopo Energi Batubara - Indonesia
  • Sucofindo - Indonesia
  • IEA Clean Coal Centre - UK
  • Ind-Barath Power Infra Limited - India
  • Ince & co LLP
  • Bahari Cakrawala Sebuku - Indonesia
  • Samsung - South Korea
  • White Energy Company Limited
  • RBS Sempra - UK
  • Madhucon Powers Ltd - India
  • Goldman Sachs - Singapore
  • Parry Sugars Refinery, India
  • Cosco
  • Merrill Lynch Bank
  • Tanito Harum - Indonesia
  • PTC India Limited - India
  • The University of Queensland
  • Formosa Plastics Group - Taiwan
  • IMC Shipping - Singapore
  • Uttam Galva Steels Limited - India
  • CESC Limited - India
  • Gresik Semen - Indonesia
  • KPMG - USA
  • Global Business Power Corporation, Philippines
  • Iligan Light & Power Inc, Philippines
  • ICICI Bank Limited - India
  • Trasteel International SA, Italy
  • Shenhua Group - China
  • Noble Europe Ltd - UK
  • Clarksons - UK
  • Maheswari Brothers Coal Limited - India
  • Vitol - Bahrain
  • Panama Canal Authority
  • Enel Italy
  • SMG Consultants - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • NALCO India
  • UBS Singapore
  • Chettinad Cement Corporation Ltd - India
  • Banpu Public Company Limited - Thailand
  • Idemitsu - Japan
  • Renaissance Capital - South Africa
  • Grasim Industreis Ltd - India
  • PetroVietnam
  • Platou - Singapore
  • Kobexindo Tractors - Indoneisa
  • Star Paper Mills Limited - India
  • Mitsui
  • IHS Mccloskey Coal Group - USA
  • KOWEPO - South Korea
  • Indian School of Mines
  • Straits Asia Resources Limited - Singapore
  • Bhatia International Limited - India
  • Electricity Generating Authority of Thailand
  • Salva Resources Pvt Ltd - India
  • Coal Orbis AG
  • Alfred C Toepfer International GmbH - Germany
  • Romanian Commodities Exchange
  • Antam Resourcindo - Indonesia
  • Dalmia Cement Bharat India
  • Arch Coal - USA
  • Kobe Steel Ltd - Japan
  • Indonesia Power. PT
  • OPG Power Generation Pvt Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Agrawal Coal Company - India
  • bp singapore
  • Meralco Power Generation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • South Luzon Thermal Energy Corporation
  • Coastal Gujarat Power Limited - India
  • Maersk Broker
  • BRS Brokers - Singapore
  • Barasentosa Lestari - Indonesia
  • Independent Power Producers Association of India
  • AsiaOL BioFuels Corp., Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Coeclerici Indonesia
  • Ministry of Finance - Indonesia
  • TNPL - India
  • WorleyParsons
  • Vizag Seaport Private Limited - India
  • Platts
  • Bank of China, Malaysia
  • JPMorgan - India
  • Gujarat Mineral Development Corp Ltd - India
  • Australian Coal Association
  • Tamil Nadu electricity Board
  • Wood Mackenzie - Singapore
  • U S Energy Resources