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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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Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
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- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
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- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indo Tambangraya Megah - Indonesia
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- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
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- Minerals Council of Australia
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- Chamber of Mines of South Africa
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- Alfred C Toepfer International GmbH - Germany
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- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Planning Commission, India
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- Siam City Cement PLC, Thailand
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- Economic Council, Georgia
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- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
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- Romanian Commodities Exchange
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- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
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- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- The University of Queensland
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- Tamil Nadu electricity Board
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- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
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- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
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- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
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- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
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- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- IEA Clean Coal Centre - UK
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- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
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- Parliament of New Zealand
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