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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, 27 July 10
DRY BULK SPOT CARGO DEMAND SHARPLY UP, TRIGGERING RISE IN RATES
Hot on the heels of the dry bulk market’s first weekly gain in almost two months, Monday began on a similar note, with the Baltic Dry Index (B ...
Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kal ...
Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from ...
Monday, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...
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- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Australian Coal Association
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
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