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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.
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Tuesday, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
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Showing 4966 to 4970 news of total 6871 |
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- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- The University of Queensland
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Planning Commission, India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
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