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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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Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
"A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet ...
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- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
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- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
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- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
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- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Asmin Koalindo Tuhup - Indonesia
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- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
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- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
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- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
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- White Energy Company Limited
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
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- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
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