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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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Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
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