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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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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- Kalimantan Lumbung Energi - Indonesia
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- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
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- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
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- Singapore Mercantile Exchange
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- VISA Power Limited - India
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- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Eastern Energy - Thailand
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- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
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- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
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- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Bhatia International Limited - India
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- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
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- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
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- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
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- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
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- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
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- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
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- The University of Queensland
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- Bayan Resources Tbk. - Indonesia
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- The Treasury - Australian Government
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- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
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- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
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- Essar Steel Hazira Ltd - India
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- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
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- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
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- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
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- India Bulls Power Limited - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
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- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
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- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Anglo American - United Kingdom
- Planning Commission, India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Wood Mackenzie - Singapore
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- Orica Australia Pty. Ltd.
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- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
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- Bahari Cakrawala Sebuku - Indonesia
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- Chamber of Mines of South Africa
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