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

Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...


Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing ...


Saturday, 28 December 19
CHINESE INDUSTRIAL CITY TO FURTHER CUT COAL CONSUMPTION - XINHUA
Harbin, capital city of Heilongjiang Province in China’s northeastern industrial heartland, is planning to further reduce its coal consumptio ...


Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.   The world ...


Thursday, 26 December 19
REVIEW OF 2019 AND OUTLOOK FOR 2020 - OPEC
Global economic growth slowed in 2019, impacted by a variety of challenges. Trade issues not only led to reduction in global final consumption but ...


   243 244 245 246 247   
Showing 1221 to 1225 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 ...

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