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Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
 COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o-Y but 10.84 percent lesser M-o-M. Indonesia has exported 284.83 million tons of coal including semi coking and LRC coal in year 2010, according to our source who is familiar with Indonesian coal exports.
Exports to China
January 2011 has witnessed a drop in Indonesia's coal exports to china by 43.63 percent compared to December 2010 exports. January exports of Indonesian coal to china amounted to 4.796 million tons as against 8.510 million tons in December 2010. Last year Chinese's utilities have imported more Indonesian coal than Indian Utilities. Out of Indonesian Coal Exports in 2010 China accounted for 74.570 million tons which is around 26.18 percent of the total coal exports.
India 2nd largest Importer
India became the second largest importer of Indonesian coal in 2010. 47.593 million tons of Indonesian coal has been imported both by government and private utilities of India in 2010. India’s January 2011 imports of Indonesian coal have jumped significantly. India has imported 6,099,932 MT of coal in January 2011 compared to just 3,885,454 MT in a month ago or 56.99 percent higher than December imports. In 2010 Indonesia has exported 16.70 percent of its total coal exports to India.
Top five Indonesian coal importers in 2010 were China, India, South Korea, Japan and Taiwan.
India reduces import duty for Indonesian coal
India has introduced special reduced rate of import duty for Indonesian coal since January 2011. Thereby Indonesian coal enjoys 2% cheaper import duty in India compared to other origins of coal. According to market players, Indonesian coal is subjected to a duty of 3 percent as against 5 percent for other origins of coal.
Indonesian coal traders must hold IUP OP KPP
Early January Indonesia has implemented temporary coal export ban on coal traders until 4th of February. After a month of ban, finally Indonesia has allowed few coal traders to resume coal exports. According to government officers, as of 18th February, Indonesia has issued 63 trading or export licenses to Indonesian coal trading companies. Still few hundreds of applications were in process with the mining department. This ban led to lower exports by around 10 percent compared to December 2010 exports.
Indonesian to ban on coal below 5600 GAD by 2014
As per the news sources Indonesian government is contemplating a ban of coal with calorific value below 5600 Kcal/kg on GAD basis by 2014. In order to get export eligibility LRC coal producers asked to upgrade their coal to 5600 GAD or more. If not miners will have to depend on home market. This move of the Government makes the message clear that value added product should only be exported. This action encourages miners to establish additional facilities and generate additional employment or to sell the raw product within the country as more domestic consumption is predicted in the coming years. Export of Value added product enhances the inward remittances and fetches more taxes and revenue.
However, experts and some major stake holders are of the opinion that the proposed ban by 2014 may not be practical due to non availability of commercially viable upgrading and conversion technology at this moment. Also the infrastructure needed for this type of mammoth activity of beneficiation and upgrading of coal needs large sums of investments. According to industry sources, worldwide the upgrading technology is in the nascent stages and yet to be established. At this moment there is no proven technology is available to upgrade coal at a workable cost. Due to these reasons and also to protect the export income many big coal producers are lobbying with the Government to dilute the seriousness of the proposal.
Low calorific value coal accounts for almost 60% of the total Indonesian coal production or exports an exporter said. International coal prices are still at lower level and it will not be workable for upgraded coal to compete with coal that has been produced from other countries including new comers such as Mozambique and Mongolia. Once the logistical bottlenecks are cleared, these two countries become big competitors for other coal producing countries. In this context how the proposed ban on below 5600 GAD coal would take a shape is much crucial and an acid test for the Government to sustain the heavy pressure from LRC coal producers and also politically an important year due to Presidential/general elections.
Indian investment in LCV coal mines
According to industry sources, there was a spate of Indian companies’ investment in several low GCV coal mines in Indonesia with a motive of attaining fuel security. According to available data, more than two dozen Indian companies have already invested in coal mines in Indonesia and some of them are already in production. Majority of Indian investors in Indonesia were end-users and the purpose of investment was purely captive use. The reaction of this captive investor’s is yet to be seen if the bans seriously considered and implemented by 2014. In which case they might claim exemption for their captive usage in India or withdraw their existing investments and channelize the same to other upcoming promising destinations like Mongolia, Mozambique and Australia. One of the serious investor opined that in case such ban is inevitable the Indian investor arbitrage on the cost of upgradation Vs migrating to other viable destinations. However, one trend is clearly emerging that Indian coal mine investments abroad are seeing steady increase. The evidence of recent acquisition of Western Australia’s Griffin Coal Mines for a whopping US$ 750 Million by Lanco group or aggressive investments in Mozambique, South Africa and Queensland shows the urge of Indian industry main agenda of attaining a level of continuous and reliable coal supplies. Understand US coal started coming to India. One of the major cement plants in west coast India contracted for 7 shipments of high sulphur, high calorific value coal from US on CFR terms at much cheaper cost than Indonesia. According to a major power developer in India, majority of the Indian private power plants would start operating by end 2013, hence all the Indian industries are seriously scouting for acquiring mines abroad. In view of the current uncertainty of high calorific value coal mines availability in Indonesia and the threatening proposal of ban below 5600 gad coal making them to focus on other origin coals. Moving higher calorific value coals by capesize vessels are seen as the cheaper remedies to counter the vagaries of Indonesian low calorific value and high moisture coals with stringent regulations and threat of recurring Force Majors.
ICRP
Indonesia already successfully implemented monthly coal reference price for its coal. Coal producers were asked to comply with the government declared index prior to conclude any short term and long terms coal sales agreement with its buyers. Indonesian HBA have raised fifth straight month and it was at US$ 127.05 in February 2011.
The coal export information within this article is provided by coalspot.com on an "as is" and "as available” basis. All details about, given in good faith and has been collected from various press reports, organization and individuals considered reliable but without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.(cs)
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
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