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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)
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Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
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- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- The University of Queensland
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- London Commodity Brokers - England
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
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