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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
 COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing mechanism by January 1, 2012.
The BoD of Coal India Ltd on Friday approved a proposal to adopt the internationally accepted, gross calorific value (GCV) based pricing mechanism beginning 2012. The GCV based pricing mechanism will replace existing useful heat value (UHV) pricing mechanism.
According to media reports, new coal prices, dearer by 12-15 percent, is expected to push up power generation cost by at least US$ 0.00753 per unit. Indian UMPP’s, already affected due to Indonesian regulation that requires all the coal suppliers to follow government bench-mark pricing mechanism for coal transaction. UMMP’s have appealed to the government for a power tariff rise. If Coal India’s new coal-price structure pushes the prices of indigenous coal upward, then power producers may push the government for a tariff increase to secure bottom-line of company to keep the industry alive.
Times of India reported that, January 1, coal will be sold in 17 price brands starting from the variety that produces 2,200 kcal/kg to one that produces 7,000 kcal/kg. In between, there are 15 price bands, each at an incremental rise of 300 kcal/kg. Times of India has not reported anything about price adjustment for ash content.
Imported coal
As Coal India moving from UHV pricing mechanism to GCV based mechanism, Indian utilities in the opinion that, the imported coal prices may be competitive in the future for utilities who are currently using only indigenous coal due to price as well as the quality. Indian coal used to be higher ash content compared to imported coal.
"Even if we want to use more coal of higher calorific value, CIL cannot supply it. So we will be using the same coal but paying more," said a utility official, as quoted by times of India. If Coal India fails to fulfill customers' requirements for higher GCV coal when they willing to pay high, then there is possibility utilities looking for imported coal.
However, it is not clear that, whether Coal India will also introduce a coal price index, or it will go with a fixed pricing mechanism for a specific period. Incase coal India follows Indonesian coal pricing structure and tries to introduce index based pricing mechanism for its coal, then indigenous coal prices will also vary based on monthly international indices.
According to media reports, coal India has released price structure to its customers, which has not published for public.
Media reports further said, while those using coal of B, G and F grades will not be affected as new prices will be either same or lower, but those using other coal grades will be extremely affected.
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Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
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