COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore. BDI hits a new high ...


Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...


Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...


Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...


Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...


   1245 1246 1247 1248 1249   
Showing 6231 to 6235 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • TeaM Sual Corporation - Philippines
  • Global Coal Blending Company Limited - Australia
  • Enel Italy
  • Mitra SK Pvt Ltd - India
  • Qatrana Cement - Jordan
  • VISA Power Limited - India
  • Shree Cement - India
  • Coal and Oil Company - UAE
  • Sical Logistics Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • JPMorgan - India
  • Noble Europe Ltd - UK
  • Adaro Indonesia
  • Medco Energi Mining Internasional
  • Bangkok Bank PCL
  • Thiess Contractors Indonesia
  • Coastal Gujarat Power Limited - India
  • Antam Resourcindo - Indonesia
  • Deutsche Bank - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Eastern Coal Council - USA
  • Tata Chemicals Ltd - India
  • Samtan Co., Ltd - South Korea
  • Orica Australia Pty. Ltd.
  • Ind-Barath Power Infra Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • ICICI Bank Limited - India
  • Credit Suisse - India
  • Australian Commodity Traders Exchange
  • Panama Canal Authority
  • Clarksons - UK
  • Indian Energy Exchange, India
  • ANZ Bank - Australia
  • Bukit Makmur.PT - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Platou - Singapore
  • Sindya Power Generating Company Private Ltd
  • Ministry of Mines - Canada
  • Shenhua Group - China
  • Thermax Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Jatenergy - Australia
  • Indogreen Group - Indonesia
  • The University of Queensland
  • Orica Mining Services - Indonesia
  • Core Mineral Indonesia
  • Eastern Energy - Thailand
  • Berau Coal - Indonesia
  • ETA - Dubai
  • J M Baxi & Co - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Coal India Limited
  • SGS (Thailand) Limited
  • Gujarat Electricity Regulatory Commission - India
  • Toyota Tsusho Corporation, Japan
  • Indian School of Mines
  • Lafarge - France
  • London Commodity Brokers - England
  • The Treasury - Australian Government
  • Platts
  • Ambuja Cements Ltd - India
  • Inspectorate - India
  • Freeport Indonesia
  • European Bulk Services B.V. - Netherlands
  • KEPCO - South Korea
  • The State Trading Corporation of India Ltd
  • Adani Power Ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Aboitiz Power Corporation - Philippines
  • Kumho Petrochemical, South Korea
  • Economic Council, Georgia
  • Electricity Generating Authority of Thailand
  • Salva Resources Pvt Ltd - India
  • Mechel - Russia
  • Asia Cement - Taiwan
  • Arutmin Indonesia
  • Russian Coal LLC
  • CIMB Investment Bank - Malaysia
  • Anglo American - United Kingdom
  • Maheswari Brothers Coal Limited - India
  • Vale Mozambique
  • Thriveni
  • JPower - Japan
  • Tamil Nadu electricity Board
  • AsiaOL BioFuels Corp., Philippines
  • New Zealand Coal & Carbon
  • Kohat Cement Company Ltd. - Pakistan
  • Larsen & Toubro Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • SASOL - South Africa
  • Planning Commission, India
  • Bukit Baiduri Energy - Indonesia
  • India Bulls Power Limited - India
  • Cosco
  • Jorong Barutama Greston.PT - Indonesia
  • McKinsey & Co - India
  • Bharathi Cement Corporation - India
  • Inco-Indonesia
  • Simpson Spence & Young - Indonesia
  • Runge Indonesia
  • Ernst & Young Pvt. Ltd.
  • PLN Batubara - Indonesia
  • Renaissance Capital - South Africa
  • PetroVietnam
  • Kobe Steel Ltd - Japan
  • Madhucon Powers Ltd - India
  • Star Paper Mills Limited - India
  • Mjunction Services Limited - India
  • Sakthi Sugars Limited - India
  • KPCL - India
  • Petrosea - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Meenaskhi Energy Private Limited - India
  • Romanian Commodities Exchange
  • Binh Thuan Hamico - Vietnam
  • Cemex - Philippines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Barasentosa Lestari - Indonesia
  • Commonwealth Bank - Australia
  • Straits Asia Resources Limited - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • DBS Bank - Singapore
  • Infraline Energy - India
  • Central Java Power - Indonesia
  • Chamber of Mines of South Africa
  • SMG Consultants - Indonesia
  • APGENCO India
  • Geoservices-GeoAssay Lab
  • Pipit Mutiara Jaya. PT, Indonesia
  • Samsung - South Korea
  • IHS Mccloskey Coal Group - USA
  • NTPC Limited - India
  • Jindal Steel & Power Ltd - India
  • Japan Coal Energy Center
  • Parliament of New Zealand
  • IEA Clean Coal Centre - UK
  • Cement Manufacturers Association - India
  • Malabar Cements Ltd - India
  • BRS Brokers - Singapore
  • TNPL - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Directorate General of MIneral and Coal - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Karbindo Abesyapradhi - Indoneisa
  • Wilmar Investment Holdings
  • Ministry of Finance - Indonesia
  • Gujarat Sidhee Cement - India
  • Trasteel International SA, Italy
  • Cardiff University - UK
  • globalCOAL - UK
  • Standard Chartered Bank - UAE
  • Barclays Capital - USA
  • Rudhra Energy - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Formosa Plastics Group - Taiwan
  • UBS Singapore
  • Kideco Jaya Agung - Indonesia
  • Indian Oil Corporation Limited
  • Sree Jayajothi Cements Limited - India
  • Deloitte Consulting - India
  • GVK Power & Infra Limited - India
  • Pinang Coal Indonesia
  • Cargill India Pvt Ltd
  • Electricity Authority, New Zealand
  • Makarim & Taira - Indonesia
  • Wood Mackenzie - Singapore
  • Britmindo - Indonesia
  • MS Steel International - UAE
  • Krishnapatnam Port Company Ltd. - India
  • EIA - United States
  • McConnell Dowell - Australia
  • Karaikal Port Pvt Ltd - India
  • CoalTek, United States
  • Baramulti Group, Indonesia
  • Iligan Light & Power Inc, Philippines
  • GB Group - China
  • Global Business Power Corporation, Philippines
  • RBS Sempra - UK
  • MEC Coal - Indonesia
  • Thai Mozambique Logistica
  • HSBC - Hong Kong
  • Heidelberg Cement - Germany
  • IBC Asia (S) Pte Ltd
  • Independent Power Producers Association of India
  • Riau Bara Harum - Indonesia
  • CCIC - Indonesia
  • bp singapore
  • PowerSource Philippines DevCo
  • Coeclerici Indonesia
  • Videocon Industries ltd - India
  • Parry Sugars Refinery, India
  • Gupta Coal India Ltd
  • Minerals Council of Australia
  • Moodys - Singapore
  • Permata Bank - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Siam City Cement PLC, Thailand
  • Asmin Koalindo Tuhup - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Kartika Selabumi Mining - Indonesia
  • Oldendorff Carriers - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • Edison Trading Spa - Italy
  • GMR Energy Limited - India
  • GHCL Limited - India
  • Aditya Birla Group - India
  • Altura Mining Limited, Indonesia
  • Lanco Infratech Ltd - India
  • Meralco Power Generation, Philippines
  • Uttam Galva Steels Limited - India
  • Kaltim Prima Coal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Malco - India
  • Energy Development Corp, Philippines
  • World Bank
  • Rio Tinto Coal - Australia
  • Thailand Anthracite
  • Bank of America
  • Kobexindo Tractors - Indoneisa
  • Global Green Power PLC Corporation, Philippines
  • Xstrata Coal
  • TANGEDCO India
  • Merrill Lynch Commodities Europe
  • Banpu Public Company Limited - Thailand
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Vizag Seaport Private Limited - India
  • Kepco SPC Power Corporation, Philippines
  • The India Cements Ltd
  • Georgia Ports Authority, United States
  • Vitol - Bahrain
  • Siam City Cement - Thailand
  • Miang Besar Coal Terminal - Indonesia
  • KOWEPO - South Korea
  • Intertek Mineral Services - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Agrawal Coal Company - India
  • Indorama - Singapore
  • Bangladesh Power Developement Board
  • Timah Investasi Mineral - Indoneisa
  • Leighton Contractors Pty Ltd - Australia
  • Power Finance Corporation Ltd., India
  • Cebu Energy, Philippines
  • CNBM International Corporation - China
  • Africa Commodities Group - South Africa
  • NALCO India
  • Borneo Indobara - Indonesia
  • UOB Asia (HK) Ltd
  • Gresik Semen - Indonesia
  • KPMG - USA
  • San Jose City I Power Corp, Philippines
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Central Electricity Authority - India
  • Total Coal South Africa
  • ING Bank NV - Singapore
  • Singapore Mercantile Exchange
  • Metalloyd Limited - United Kingdom
  • Maharashtra Electricity Regulatory Commission - India
  • LBH Netherlands Bv - Netherlands
  • Mitsui
  • Savvy Resources Ltd - HongKong
  • EMO - The Netherlands
  • Sarangani Energy Corporation, Philippines
  • Interocean Group of Companies - India
  • PLN - Indonesia
  • Manunggal Multi Energi - Indonesia
  • OCBC - Singapore
  • Mintek Dendrill Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Semirara Mining Corp, Philippines
  • Indonesian Coal Mining Association
  • Cigading International Bulk Terminal - Indonesia
  • Surastha Cement
  • TRAFIGURA, South Korea
  • Bhushan Steel Limited - India
  • Peabody Energy - USA
  • Coalindo Energy - Indonesia
  • Port Waratah Coal Services - Australia
  • Bulk Trading Sa - Switzerland
  • Dalmia Cement Bharat India
  • Maybank - Singapore
  • Grasim Industreis Ltd - India
  • Sucofindo - Indonesia
  • CESC Limited - India
  • Ministry of Transport, Egypt
  • Mercator Lines Limited - India
  • Humpuss - Indonesia
  • Mercuria Energy - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Jaiprakash Power Ventures ltd
  • Therma Luzon, Inc, Philippines
  • Arch Coal - USA
  • Indonesia Power. PT
  • IOL Indonesia
  • Bank of China, Malaysia
  • Chettinad Cement Corporation Ltd - India
  • South Luzon Thermal Energy Corporation
  • Mitsubishi Corporation
  • IMC Shipping - Singapore
  • GAC Shipping (India) Pvt Ltd
  • Essar Steel Hazira Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Coaltrans Conferences
  • Bayan Resources Tbk. - Indonesia
  • Latin American Coal - Colombia
  • Price Waterhouse Coopers - Russia
  • Argus Media - Singapore
  • Fearnleys - India
  • Xindia Steels Limited - India
  • SUEK AG - Indonesia
  • Vedanta Resources Plc - India
  • White Energy Company Limited
  • Merrill Lynch Bank
  • Petron Corporation, Philippines
  • TGV SRAAC LIMITED, India
  • U S Energy Resources
  • Bukit Asam (Persero) Tbk - Indonesia
  • Glencore India Pvt. Ltd
  • WorleyParsons
  • Neyveli Lignite Corporation Ltd, - India
  • Sojitz Corporation - Japan
  • Tanito Harum - Indonesia
  • Ince & co LLP
  • Goldman Sachs - Singapore
  • PTC India Limited - India
  • Energy Link Ltd, New Zealand
  • GNFC Limited - India
  • ASAPP Information Group - India
  • Idemitsu - Japan
  • Bhoruka Overseas - Indonesia
  • Maruti Cements - India
  • SMC Global Power, Philippines
  • Indika Energy - Indonesia
  • Tata Power - India
  • Carbofer General Trading SA - India
  • Attock Cement Pakistan Limited
  • Asian Development Bank
  • Globalindo Alam Lestari - Indonesia
  • ACC Limited - India
  • Posco Energy - South Korea
  • Bhatia International Limited - India
  • Marubeni Corporation - India
  • Maersk Broker
  • World Coal - UK
  • Australian Coal Association
  • Thomson Reuters GRC
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Coal Orbis AG
  • SRK Consulting
  • PNOC Exploration Corporation - Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • BNP Paribas - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Reliance Power - India