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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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Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- MS Steel International - UAE
- Mjunction Services Limited - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
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