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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, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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