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

Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...


Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...


Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...


Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...


Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...


   80 81 82 83 84   
Showing 406 to 410 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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