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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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Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
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- Siam City Cement PLC, Thailand
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- Central Electricity Authority - India
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- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
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- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Gujarat Mineral Development Corp Ltd - India
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- Coalindo Energy - Indonesia
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- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
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- Minerals Council of Australia
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- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
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- Sindya Power Generating Company Private Ltd
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- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Tata Chemicals Ltd - India
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- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
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- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Indian Oil Corporation Limited
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- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
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- Iligan Light & Power Inc, Philippines
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- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
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- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Planning Commission, India
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- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
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