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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, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
Tuesday, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
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- Georgia Ports Authority, United States
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- Indika Energy - Indonesia
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- Chamber of Mines of South Africa
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- Wood Mackenzie - Singapore
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- Indogreen Group - Indonesia
- Romanian Commodities Exchange
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- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
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- India Bulls Power Limited - India
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- Power Finance Corporation Ltd., India
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- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
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- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
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- Asmin Koalindo Tuhup - Indonesia
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- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
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- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
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- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
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- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
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- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- Parliament of New Zealand
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- Attock Cement Pakistan Limited
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- Bhushan Steel Limited - India
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- IHS Mccloskey Coal Group - USA
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- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
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- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
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- New Zealand Coal & Carbon
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- White Energy Company Limited
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
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- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
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- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
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- Indian Energy Exchange, India
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