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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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Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
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- Ministry of Mines - Canada
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- Bayan Resources Tbk. - Indonesia
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- Africa Commodities Group - South Africa
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- VISA Power Limited - India
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- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
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- Kumho Petrochemical, South Korea
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- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- The University of Queensland
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- International Coal Ventures Pvt Ltd - India
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- Bangladesh Power Developement Board
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- Tata Chemicals Ltd - India
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- Deloitte Consulting - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
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- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
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- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
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- Banpu Public Company Limited - Thailand
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- Mercator Lines Limited - India
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- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
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- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
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- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
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- Bulk Trading Sa - Switzerland
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- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
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- Iligan Light & Power Inc, Philippines
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- Indian Energy Exchange, India
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- Sical Logistics Limited - India
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- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
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- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
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- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
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- Timah Investasi Mineral - Indoneisa
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- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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