We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
|
|
|
Showing 5771 to 5775 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Bhatia International Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
|
| |
| |
|
