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, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...


Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...


Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...


Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended  0700 hours 25 February 2013, Newc ...


Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...


   872 873 874 875 876   
Showing 4366 to 4370 news of total 6871
News by Category
Popular News
 
Total Members : 28,704
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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