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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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Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...
Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...
Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...
Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...
Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
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- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
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