We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
 COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers. According to industry players in India, Indian ports are become mini coal stockpiles now days.
"Coal stock piles at various ports have reached record levels and are estimated to surpass the 11Mt mark" paper reports says. India is facing an acute fuel shortage, but Indian power producers are refusing to buy imported coal or not willing to pay high price for coal.
"Yes, currently, in all Indian ports more than 10 million mt of imported coal is piled up. The reason for this is a lack of demand for imported coal. One may get wondered why there is a lack of demand when there is a huge fuel and power shortage in India," an international senior coal trader said.
The alarming situation of cargo piled up "COALspot" enquired with various sections of end user, trading, logistics companies and compile the reasons of the serious situation.
The lack of demand is due to variety of reasons viz., ever increase in costs: the depreciation of the Indian rupee, the recent drop in international coal prices, utilities not paying on time, increase in logistical costs, each state invoking section 11 of electricity act preventing the private developers to sell it to other deficient states, lack of evacuation facilities are the main reasons to pile the imported coal at port instead of power plant stock yard, another end-user explain in detail.
From the government, there are numerous new levies like the additional counter veiling duty of 5%, railways increasing the developments charges by 3%; busy season surcharge by 5% and increasing the chargeable weight to carrying capacity plus 10MMT(increase in dead freight) and imposing of clean energy CESS of Rs.50 pmt, are also contributors of this situation, said another trader. Due to above the multiple reasons the lifting of stocks have adversely affected and stocks piled up.
The earlier PPA’s entered by all utilities have become unviable due to the above increase in the inputs. Hence, many of the private operators have chosen to shut down the operations as the sale proceeds are not meeting the cost of production, then, what is the solution? Three-word answer, “Revise Power Tariff,” a power producer commented.
Now, only state runs NTPC and other utilities only able to take imported coal as they average it out with major portion of low cost domestic coal.
Indian coal importers are not forgot to blame Indonesian regulations on coal bench mark price (HBA) as reason for the coal price increases. They feel or believe that, one of the major reasons behind the coal price increase is HBA regulation. " Due to HBA regulation in Indonesia, the prices are ruling very high and there are no signs of easing out the situation," a trader said.
Recently, NPTC has issued a tender for 4 million tons of Imported coal, and KPCL is looking for 50 million tons imported coal for 10-year supplies. According to market information, KPCL is planning to lock coal supplies @ 5 million tons per annum starting from 2015 for 10 years.
Energy and mineral resources ministry of Indonesia is planning to ban the export of low grade coal by 2014 and is also planning to issue a moratorium on the issuance of coal mining licenses. The moratorium is expected to issue any time soon to regulate all the mines, including coal mines in Indonesia. Once the moratorium is issued then, there are possibilities in a reduction of coal production, which may be resulting in coal price increases in the future.
China bought nearly 12.58 million tons of coal from Indonesia last month but India has imported only 3.96 million tons, which is only around 30 percent of Chinese's imports.
“As of now, the Indian coal industry at a cross roads looking towards governmental intervention and reforms. Ministry of power has taken the current scenario very seriously and working towards the solutions. It may take some more time to get the situation settled. We need to wait and watch," according to a coal veteran in Chennai, India.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...
Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...
Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...
Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...
Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...
|
|
|
Showing 4946 to 4950 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Planning Commission, India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Australian Coal Association
|
| |
| |
|
