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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
 Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based domestic power generators in the next year. Spot prices for the fuel at Australia’s Newcastle port, a benchmark for Asia, have appreciated almost 10 per cent in November and rates at China’s Qinhuangdao port, a standard for the world’s largest coal consumer, have also seen a steady increase over the last two months.
Harried by the supply-demand mismatch in Indian coal production, a number of private sector power companies have pegged their port-based projects on overseas coal, with a specific dependence on the Indonesian variety. These include Reliance Power, which intends on using Krishnapatnam port, Essar Power, through Salaya port, and Tata Power as well as Adani Power, both of who will use Mundra Port.
“With Indian coal mining companies being unable to provide service to power producers such as NTPC, there is a huge dependence on the international market which is expected to increase as the volumes required are just not available in the country. Although long-term arrangements are being worked out, substantial amount of coal comes through the import route at present,” an analyst with InfralineEnergy Reseach and Information said.
However, with Indonesia’s thermal coal export growth likely to see a marked slowdown, importing the fuel will become more expensive for Indian firms.
Although Indonesian exports account for over 35 per cent of the global sea-borne coal market, the ability of Indonesian producers to ramp up production for sustaining export growth could be constrained by delay and regulatory uncertainties. Also, rising demand from Indonesian power producers and cautious capex programmes by major miners there, due to the global crisis, could see the prices of Indonesian coal rising in the coming months, according to a research by Citigroup.
Supply tightness is also expected to persist globally as export growth in both Australia and South Africa will be restricted due to port and rail infrastructure development. In the latter market, growing domestic demand, too, is likely to have an impact on thermal coal prices, an analysis by AME Mineral Economics suggested.
Moreover, thermal coal prices will also lent a degree of robustness as China, a study by Barclays Capital says, is likely to remain a major importer next year on the back of mine consolidation, expectation of a strong economic growth and possibility of higher taxes. In recent weeks, an increase in heating demand in China, triggered by the harshest winter in almost six decades, have spiked coal prices at Qinhuangdao port.
“Considering almost half of the coal requirement for the new coastal power projects is to be brought in from abroad, there will definitely be an impact on power companies. Although the cost of generation will increase, passing on the burden to the consumer will be tough and it will have to be absorbed by the generators themselves,” Angel Broking analyst Rupesh Sankhe said.
Although power companies have been allocated coal blocks for captive use, exploration and production from these might not happen immediately. Also, with many firms scouting for coal assets overseas, there is a dependence on spot purchases in the short-term.
“Larger players who have already secured assets abroad are unlikely to be affected and their consumers will not be hit if global coal prices rise. However, those firms who don’t have their own mines and are dependent on the market will have to bear the brunt,” Visa Group Chairman Vishambhar Saran said.
Although India has substantial non-coking coal reserves, in the range of 230 billion tonnes, there has been an increased reliance on imported coal. In 2007-08, the country imported about 28 million tonnes of non-coking coal as compared to 8.69 million tonnes in 2003-04. However, according to Citigroup estimates, India could have a combined import demand for thermal and coking coal to the tune of 140 million tonnes per year by 2013-14.
Source: Business-Standard
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Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- The University of Queensland
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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