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, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...


Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to  award 300,000 MT of coal supply contract to Nehel General Trading of India.  Tamil Nadu state undertaking , Tamil N ...


Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...


Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...


Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...


   1131 1132 1133 1134 1135   
Showing 5661 to 5665 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 ...

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