COALspot.com keeps you connected across the coal world
  • NOV 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.27 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

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

Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...


Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...


Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...


Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...


Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5580
News by Category
Popular News
 
Total Members : 26,607
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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