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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, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
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- SMC Global Power, Philippines
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- Parliament of New Zealand
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- Goldman Sachs - Singapore
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- The University of Queensland
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- Indian Energy Exchange, India
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- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
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- White Energy Company Limited
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- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
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- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
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- Wilmar Investment Holdings
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- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
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- Romanian Commodities Exchange
- New Zealand Coal & Carbon
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- Energy Development Corp, Philippines
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- Makarim & Taira - Indonesia
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- Aditya Birla Group - India
- Grasim Industreis Ltd - India
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- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
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- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
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- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
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- Africa Commodities Group - South Africa
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- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
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- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Indonesian Coal Mining Association
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