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

Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...


Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...


Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year. Indian coal buyers were a ...


Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...


Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...


   1351 1352 1353 1354 1355   
Showing 6761 to 6765 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 ...

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