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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, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
Wednesday, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
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- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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