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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, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Deloitte Consulting - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
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- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
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- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
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- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
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- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
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- Ministry of Finance - Indonesia
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- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Minerals Council of Australia
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- ICICI Bank Limited - India
- Chamber of Mines of South Africa
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- Videocon Industries ltd - India
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- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
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- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Planning Commission, India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
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