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.
|
|
Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
|
|
|
Showing 6651 to 6655 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
|
| |
| |
|
