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

Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...


Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...


Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed. &nbs ...


Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...


Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...


   191 192 193 194 195   
Showing 961 to 965 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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