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

Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...


Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...


Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...


Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...


Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...


   1336 1337 1338 1339 1340   
Showing 6686 to 6690 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 ...

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