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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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Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
Thursday, 19 May 11
INDONESIAN COAL EXPORTS DROP 7.98 PERCENT IN APRIL
COALspot.com - Indonesian coal exports dropped to 2.168 million tons in April, and up 7.13 percent on the year and 7.98 percent below March, a ...
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- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- The University of Queensland
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
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