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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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Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
Tuesday, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...
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- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- The University of Queensland
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
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