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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, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Planning Commission, India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
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