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Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create demand amid concerns over fall in despatches. The company is primarily tapping domestic coal based power plants and non power consumers which import coal.
CIL so long didn’t have to think of demand and meeting the power sector’s requirement was a challenge till recently. Even when the non power sector was starved of coal and had to lift the fuel, paying high premium above notified prices through e-auctions, CIL gave priority to the power sector for supplies. However, with the power sector piling up with 50 million tonne of stocks sufficient for 29 days of consumption, the mining behemoth will now have to focus on marketing and look into the factors that create demand.
A CIL official said the company so long has worked on the supplies side improving facilities to its customers like reduction in reserve prices of coal in auctions and liasoning with the Railways on behalf of the customers but never looked into the mechanism of creating demand. Demand is based on many factors like logistics, freighter movement, fluctuation in international prices, affecting landed cost most importantly the liquidity condition of the consumer. CIL will now have to take into considerations these factors too.
To find the avenues for expanding its supplies, CIL is now focusing on non power sector consumers like sponge iron, cement, fertiliser, captive power plants, and steel, persuading them to replace their imported coal with domestic coal. “Dialogue is on with customers who opted for import substitution in FY20. Until demands picks from the non power sector supplies will be low key,” a CIL official said.
CIL has also developed a portal in which consumers can register the details of their demand for domestic coal towards import substitution and secure allocation of the fuel. CIL has flagged for government’s consideration the case for lower or discounted railway tariff for transportation of quantities of domestic coal booked by consumers which will facilitate import substitution.
Although the company feels the move would result in curtailing forex outgo arising out of coal imports and help CIL expand its supply volumes, CIL continues to be beset with tepid demand for coal with most of the customers shying away from lifting adequate quantities. Power sector, which makes up close to 80% of CIL’s total supplies, is brimming over with nearly 50 million tonne (MT) of coal sufficient for 29 days of consumption ending May 2020. Already many plants have started restricting supplies from CIL further shrinking the despatches of coal companies. For the month of May 2020, power sector at 30.15 MT, lifted only around 75% of coal, from CIL, compared to what it did same month a year ago, resulting in a 10.23 MT slide in supplies. During May 2019, power utilities lifted 40.38 MT of coal.
Meanwhile, the Center has mulled creating a coal exchange in the lines of commodity exchange with a view to open the sector to market forces with the government allowing commercial mining. The coal ministry is likely to begin auctioning of around 50 coal blocks for commercial mining on June 11. The government plans to get ready with the coal exchange with the commercial miners getting ready for production. All the coal produced in the country, including CIL’s will be traded through the exchange online and market forces will determine pricing of coal in a transparent manner.
CIL officials said this form of coal, trading would mean end of the regime of fuel supply agreement (FSA) and coal will be thrown open to the markets. In view of that, CIL, though would continue to remain a lead player, would need to transform itself to a market driven company, for which it is reorienting it marketing to work on creating demand. With the coal sector thrown open to the market, every consumer be it the power or non power sector, will have a level playing field.
Source: Financial Express
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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- The University of Queensland
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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