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.
|
|
Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
|
|
|
Showing 1436 to 1440 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- White Energy Company Limited
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Planning Commission, India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
|
| |
| |
|
