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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, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
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- Lanco Infratech Ltd - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
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