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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Kapuas Tunggal Persada - Indonesia
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- Indian Oil Corporation Limited
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- Petron Corporation, Philippines
- MS Steel International - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
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- Trasteel International SA, Italy
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- Wilmar Investment Holdings
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- Madhucon Powers Ltd - India
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- New Zealand Coal & Carbon
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- Africa Commodities Group - South Africa
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- Eastern Energy - Thailand
- Singapore Mercantile Exchange
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- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
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- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
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- Thiess Contractors Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
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- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
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- Australian Coal Association
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- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
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- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
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- South Luzon Thermal Energy Corporation
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- Ministry of Transport, Egypt
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- Directorate General of MIneral and Coal - Indonesia
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- Economic Council, Georgia
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- Holcim Trading Pte Ltd - Singapore
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- Planning Commission, India
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- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
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