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

Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...


Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...


Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...


Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...


Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...


   1200 1201 1202 1203 1204   
Showing 6006 to 6010 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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