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, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
|
|
|
Showing 6106 to 6110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
|
| |
| |
|
