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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, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
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- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
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