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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)
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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
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