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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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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
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- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Planning Commission, India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
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