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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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Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
Tuesday, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
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- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
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