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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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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
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