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.
|
|
Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encour ...
Thursday, 30 January 20
CAPE: WITH CHINESE NEW YEAR TAKING PLACE, THE RATES ARE REACHING FURTHER DISAPPOINTING LEVELS - FEARNLEYS
Cape
With Chinese New Year taking place, the rates are reaching further disappointing levels. Present TC average is below USD 4,500, off 24% fr ...
Wednesday, 29 January 20
INDONESIA REMAINS AT THE TOP SPOT IN 2019 AS THE LARGEST SUPPLIER OF COAL TO INDIA WITH 91.3 MLN TONNES - BANCHERO COSTA
Despite repeated promises from India’s government to reduce the country’s coal imports and increase domestic self-reliance, volumes jus ...
Wednesday, 29 January 20
MARKET INSIGHT - INTERMODAL
Last week Libya’s oil production operations were disrupted as it was reported that local Libyan tribes interrupted output at the the El Feel ...
Tuesday, 28 January 20
INDONESIA - UNCERTAINTY OVER AVAILABILITY OF LSFO - THE STANDARD CLUB
The club has received reports that low sulphur fuel is not currently readily available in all Indonesian ports and that there are local shortages.
...
|
|
|
Showing 1166 to 1170 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
|
| |
| |
|
