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.
|
|
Wednesday, 13 February 19
MALAYSIA WAS THE REGION'S LARGEST COAL IMPORTER WITH 34 MT IN 2018, UP 25% Y-O-Y
Although coal market in 2018 started with strong prices, starting in the beginning of the second half of 2018, the international spot prices for co ...
Wednesday, 13 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
If there is one word that can describe the current shipping environment then that this word is most probably “volatility.” The sentimen ...
Saturday, 09 February 19
SUPRAMAX: A 63,000-TONNER WAS REPORTED FIXED DELIVERY FOR AN EAST KALIMANTAN TRIP, REDELIVERY WEST COAST INDIA, AT $9,250 - THE BALTIC BRIEFING
Cape
The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in ...
Friday, 08 February 19
LOWER-QUALITY INDONESIA EXPORTS ROSE 39 MT IN 2018 YOY PRIMARILY IN RESPONSE TO INCREASED DEMAND FROM CHINA AND INDIA - PEABODY
"Underlying seaborne met and thermal coal conditions remain quite positive and the pace of U.S. coal-fueled power plant retirements is expecte ...
Thursday, 07 February 19
QATAR CAN GAIN FROM DECLINING COAL - THE PENINSULA
With North America and Europe closing down their old coal and nuclear plants, major gas exporters like Qatar can and should gain market share. With ...
|
|
|
Showing 1471 to 1475 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
|
| |
| |
|
