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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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Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
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- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- The University of Queensland
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
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