COALspot.com keeps you connected across the coal world
  • MAY 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 61.11 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC


Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian government attempts to benchmark its coal prices to international indices. The new system has the potential to increase the cost of thermal power generated using imported coal in India.

The new method that will come into effect from September attempts to link the royalties paid to the Indonesian government to an index of coal prices for Australian and South African coal in addition to others. But Indian firms said Indonesian coal is of lower calorific value and, hence, priced cheaper compared with Australian and South African coal.

Deepak Amitabh, director (corporate finance) of PTC, said there are lots of issues, which still need to be sorted before the coal prices are determined. “We are still not clear how the government will work out the price differentials between Indonesian coal and that produced by Australia or South Africa, for example. Also the spot prices are always costly compared with the long-term sales contracts. We need to find out if the long term contracts for Indonesian coal would be at discount to international market prices or not.”

In September 2010 the Indonesian government issued new regulations to determine the benchmark price for the sale of coal and minerals. The regulation proposes to peg the price for both domestic sales and export of coal to a ‘benchmark price’ for all the mining licensees. Dipesh Dipu, director, consulting (mining) at Deloitte in India said the new regulation will force companies to transact at market prices, which may be seen as raising the cost of delivered coal in India.

“When companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipu.

Banmali Agarwala, executive director and head of business development at Tata Power said, “The increased pricing will definitely affect the cost of generation and we are trying to work out a strategy to handle the additional hike.”

Adani group that sources coal from its mines in Indonesia is also expected to be affected by this regulation, as Adani Enterprises has direct stake in Bunyu mines in Indonesia. Adani Power has contracted to procure 4.6 mtpa coal from Adani Enterprises at $36 per tonne. However, the total import requirement for present operational capacities is around 6 mtpa.

Vijaykumar Bupathy, senior analyst with Spark Capital Advisors, said in report that “Assuming a $50 per tonne increase in the free on board (FoB) price of coal, there would be Rs 1,040 crore incremental fuel cost to the group to the extent of the committed 4.6 mtpa of supply alone.” However, when Financial Chronicle contacted Adani Enterprises, the company said there will be no direct impact on the company, since its total cost of mining and transporting Indonesian coal to Mundra is $25 per tonne. The coal is sold to Adani Power at $36 per tonne. “Any hike in price would only increase the royalty payments by around $1 or $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.

Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 20 May 20
BRAZIL SOYBEAN EXPORTS HAVE BEEN SURGING THIS YEAR - BANCHERO COSTA
Brazil soybean exports have been surging this year, thanks to a combination of strong demand from China, a bumper crop, and favourable exchange rat ...


Wednesday, 20 May 20
MARKET INSIGHT
Seafarers keep maritime trade going so that the food, raw materials, energy and manufactured goods on which so many depend can continue moving arou ...


Tuesday, 19 May 20
AMENDMENT OF THE INDONESIAN MINING LAW: TYING UP LOOSE ENDS - UMBRA
KNOWLEDGE TO ELEVATE The finalized draft of Law on the amendment of the Mining Law (Bill) was publicly released on 11 May 2020 and was then ap ...


Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...


Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5928
News by Category
Popular News
 
Total Members : 26,911
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • KEPCO - South Korea
  • Orica Mining Services - Indonesia
  • Deutsche Bank - India
  • Sical Logistics Limited - India
  • Cosco
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Bhushan Steel Limited - India
  • Indogreen Group - Indonesia
  • EMO - The Netherlands
  • Asia Cement - Taiwan
  • UOB Asia (HK) Ltd
  • Directorate Of Revenue Intelligence - India
  • BRS Brokers - Singapore
  • The India Cements Ltd
  • Reliance Power - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Grasim Industreis Ltd - India
  • Latin American Coal - Colombia
  • Timah Investasi Mineral - Indoneisa
  • World Bank
  • Riau Bara Harum - Indonesia
  • Berau Coal - Indonesia
  • Australian Coal Association
  • Australian Commodity Traders Exchange
  • Sarangani Energy Corporation, Philippines
  • KPMG - USA
  • TGV SRAAC LIMITED, India
  • Makarim & Taira - Indonesia
  • TeaM Sual Corporation - Philippines
  • TNPL - India
  • Fearnleys - India
  • Port Waratah Coal Services - Australia
  • DBS Bank - Singapore
  • Maybank - Singapore
  • Chettinad Cement Corporation Ltd - India
  • Vitol - Bahrain
  • Credit Suisse - India
  • Cardiff University - UK
  • Malco - India
  • ETA - Dubai
  • Bulk Trading Sa - Switzerland
  • Peabody Energy - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • McKinsey & Co - India
  • Neyveli Lignite Corporation Ltd, - India
  • APGENCO India
  • Medco Energi Mining Internasional
  • Ceylon Electricity Board - Sri Lanka
  • Siam City Cement - Thailand
  • Kobexindo Tractors - Indoneisa
  • Thiess Contractors Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Power Finance Corporation Ltd., India
  • GMR Energy Limited - India
  • Global Business Power Corporation, Philippines
  • CNBM International Corporation - China
  • Edison Trading Spa - Italy
  • Uttam Galva Steels Limited - India
  • MS Steel International - UAE
  • Cemex - Philippines
  • Tata Power - India
  • Star Paper Mills Limited - India
  • GVK Power & Infra Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Savvy Resources Ltd - HongKong
  • Cargill India Pvt Ltd
  • India Bulls Power Limited - India
  • Indian School of Mines
  • Minerals Council of Australia
  • Thai Mozambique Logistica
  • Orica Australia Pty. Ltd.
  • Bangkok Bank PCL
  • Russian Coal LLC
  • Sakthi Sugars Limited - India
  • TANGEDCO India
  • Maruti Cements - India
  • TRAFIGURA, South Korea
  • PetroVietnam
  • J M Baxi & Co - India
  • World Coal - UK
  • Sucofindo - Indonesia
  • GHCL Limited - India
  • Parry Sugars Refinery, India
  • Parliament of New Zealand
  • Karbindo Abesyapradhi - Indoneisa
  • ICICI Bank Limited - India
  • Merrill Lynch Bank
  • OCBC - Singapore
  • Essar Steel Hazira Ltd - India
  • Adani Power Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Ind-Barath Power Infra Limited - India
  • U S Energy Resources
  • Gujarat Sidhee Cement - India
  • Central Electricity Authority - India
  • SUEK AG - Indonesia
  • Maersk Broker
  • Thailand Anthracite
  • AsiaOL BioFuels Corp., Philippines
  • Deloitte Consulting - India
  • Malabar Cements Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Gresik Semen - Indonesia
  • Argus Media - Singapore
  • GNFC Limited - India
  • Thermax Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • SMG Consultants - Indonesia
  • Indorama - Singapore
  • Eastern Coal Council - USA
  • Miang Besar Coal Terminal - Indonesia
  • Formosa Plastics Group - Taiwan
  • Meralco Power Generation, Philippines
  • Standard Chartered Bank - UAE
  • CCIC - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Central Java Power - Indonesia
  • Xstrata Coal
  • Geoservices-GeoAssay Lab
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Trasteel International SA, Italy
  • ACC Limited - India
  • Infraline Energy - India
  • Japan Coal Energy Center
  • Cebu Energy, Philippines
  • Jatenergy - Australia
  • IHS Mccloskey Coal Group - USA
  • International Coal Ventures Pvt Ltd - India
  • Lafarge - France
  • Kumho Petrochemical, South Korea
  • Ambuja Cements Ltd - India
  • Bank of China, Malaysia
  • IEA Clean Coal Centre - UK
  • Aboitiz Power Corporation - Philippines
  • Videocon Industries ltd - India
  • Mechel - Russia
  • Banpu Public Company Limited - Thailand
  • Maheswari Brothers Coal Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Bharathi Cement Corporation - India
  • Vizag Seaport Private Limited - India
  • Gupta Coal India Ltd
  • Arutmin Indonesia
  • Iligan Light & Power Inc, Philippines
  • Electricity Generating Authority of Thailand
  • Mitra SK Pvt Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Mjunction Services Limited - India
  • Oldendorff Carriers - Singapore
  • Dalmia Cement Bharat India
  • Attock Cement Pakistan Limited
  • Global Coal Blending Company Limited - Australia
  • Coalindo Energy - Indonesia
  • Eastern Energy - Thailand
  • Thriveni
  • Wood Mackenzie - Singapore
  • Glencore India Pvt. Ltd
  • Global Green Power PLC Corporation, Philippines
  • Sojitz Corporation - Japan
  • Bhoruka Overseas - Indonesia
  • KOWEPO - South Korea
  • SN Aboitiz Power Inc, Philippines
  • IBC Asia (S) Pte Ltd
  • Inco-Indonesia
  • Indonesian Coal Mining Association
  • Chamber of Mines of South Africa
  • PLN - Indonesia
  • PTC India Limited - India
  • Platts
  • Cigading International Bulk Terminal - Indonesia
  • EIA - United States
  • Xindia Steels Limited - India
  • Globalindo Alam Lestari - Indonesia
  • SRK Consulting
  • PetroVietnam Power Coal Import and Supply Company
  • Barasentosa Lestari - Indonesia
  • Kobe Steel Ltd - Japan
  • bp singapore
  • Baramulti Group, Indonesia
  • Platou - Singapore
  • LBH Netherlands Bv - Netherlands
  • Indika Energy - Indonesia
  • Surastha Cement
  • Toyota Tsusho Corporation, Japan
  • Altura Mining Limited, Indonesia
  • Singapore Mercantile Exchange
  • Britmindo - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Freeport Indonesia
  • Ministry of Mines - Canada
  • Shenhua Group - China
  • Bukit Makmur.PT - Indonesia
  • Lanco Infratech Ltd - India
  • Siam City Cement PLC, Thailand
  • Samsung - South Korea
  • Bukit Asam (Persero) Tbk - Indonesia
  • SGS (Thailand) Limited
  • European Bulk Services B.V. - Netherlands
  • Pendopo Energi Batubara - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Bukit Baiduri Energy - Indonesia
  • SMC Global Power, Philippines
  • Thomson Reuters GRC
  • Shree Cement - India
  • Binh Thuan Hamico - Vietnam
  • Kepco SPC Power Corporation, Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Vale Mozambique
  • Tanito Harum - Indonesia
  • Georgia Ports Authority, United States
  • Pipit Mutiara Jaya. PT, Indonesia
  • Kaltim Prima Coal - Indonesia
  • Energy Link Ltd, New Zealand
  • Coaltrans Conferences
  • Kideco Jaya Agung - Indonesia
  • Asian Development Bank
  • Pinang Coal Indonesia
  • Heidelberg Cement - Germany
  • Larsen & Toubro Limited - India
  • Ministry of Transport, Egypt
  • Panama Canal Authority
  • Leighton Contractors Pty Ltd - Australia
  • San Jose City I Power Corp, Philippines
  • London Commodity Brokers - England
  • Core Mineral Indonesia
  • Wilmar Investment Holdings
  • UBS Singapore
  • Sree Jayajothi Cements Limited - India
  • Clarksons - UK
  • GN Power Mariveles Coal Plant, Philippines
  • Gujarat Electricity Regulatory Commission - India
  • Anglo American - United Kingdom
  • Rudhra Energy - India
  • Moodys - Singapore
  • Coal Orbis AG
  • New Zealand Coal & Carbon
  • Salva Resources Pvt Ltd - India
  • Humpuss - Indonesia
  • Samtan Co., Ltd - South Korea
  • Interocean Group of Companies - India
  • Directorate General of MIneral and Coal - Indonesia
  • Simpson Spence & Young - Indonesia
  • Mercator Lines Limited - India
  • The Treasury - Australian Government
  • Marubeni Corporation - India
  • Antam Resourcindo - Indonesia
  • CoalTek, United States
  • GAC Shipping (India) Pvt Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • SASOL - South Africa
  • Manunggal Multi Energi - Indonesia
  • Semirara Mining Corp, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Bhatia International Limited - India
  • Indonesia Power. PT
  • Africa Commodities Group - South Africa
  • Bank of America
  • globalCOAL - UK
  • Mintek Dendrill Indonesia
  • Price Waterhouse Coopers - Russia
  • NALCO India
  • Mitsubishi Corporation
  • Ince & co LLP
  • The University of Queensland
  • Rio Tinto Coal - Australia
  • Kohat Cement Company Ltd. - Pakistan
  • Noble Europe Ltd - UK
  • Madhucon Powers Ltd - India
  • Intertek Mineral Services - Indonesia
  • Energy Development Corp, Philippines
  • BNP Paribas - Singapore
  • Coal India Limited
  • Rashtriya Ispat Nigam Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Metalloyd Limited - United Kingdom
  • Barclays Capital - USA
  • Idemitsu - Japan
  • Indian Oil Corporation Limited
  • IMC Shipping - Singapore
  • Posco Energy - South Korea
  • Total Coal South Africa
  • Planning Commission, India
  • Renaissance Capital - South Africa
  • Tata Chemicals Ltd - India
  • Merrill Lynch Commodities Europe
  • Semirara Mining and Power Corporation, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Coal and Oil Company - UAE
  • Petrosea - Indonesia
  • ASAPP Information Group - India
  • Ministry of Finance - Indonesia
  • ING Bank NV - Singapore
  • The State Trading Corporation of India Ltd
  • Inspectorate - India
  • KPCL - India
  • Borneo Indobara - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Meenaskhi Energy Private Limited - India
  • Cement Manufacturers Association - India
  • VISA Power Limited - India
  • Aditya Birla Group - India
  • Independent Power Producers Association of India
  • Carbofer General Trading SA - India
  • GB Group - China
  • Agrawal Coal Company - India
  • PowerSource Philippines DevCo
  • Kalimantan Lumbung Energi - Indonesia
  • Therma Luzon, Inc, Philippines
  • Commonwealth Bank - Australia
  • NTPC Limited - India
  • IOL Indonesia
  • Runge Indonesia
  • PLN Batubara - Indonesia
  • Adaro Indonesia
  • McConnell Dowell - Australia
  • Mitsui
  • Romanian Commodities Exchange
  • JPMorgan - India
  • Arch Coal - USA
  • Jaiprakash Power Ventures ltd
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • WorleyParsons
  • Qatrana Cement - Jordan
  • Straits Asia Resources Limited - Singapore
  • HSBC - Hong Kong
  • Economic Council, Georgia
  • Tamil Nadu electricity Board
  • Petron Corporation, Philippines
  • Kartika Selabumi Mining - Indonesia
  • Vedanta Resources Plc - India
  • RBS Sempra - UK
  • Coeclerici Indonesia
  • Mercuria Energy - Indonesia
  • ANZ Bank - Australia
  • JPower - Japan
  • Jindal Steel & Power Ltd - India
  • Goldman Sachs - Singapore
  • MEC Coal - Indonesia
  • Coastal Gujarat Power Limited - India
  • Permata Bank - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • South Luzon Thermal Energy Corporation
  • Jorong Barutama Greston.PT - Indonesia
  • White Energy Company Limited
  • CESC Limited - India
  • CIMB Investment Bank - Malaysia
  • Bangladesh Power Developement Board
  • Enel Italy