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

Wednesday, 09 January 19
SHIPPING MARKET INSIGHT - INERMODAL
Paraphrasing the words of a Chief economist in a latest report of the World Bank Group, the current state of the shipping market very much resemble ...


Tuesday, 08 January 19
GLOBAL TRADE GROWTH EXPECTED TO REMAIN AT HEALTHY IN 2019 - ALLIED
2019 is here and we find ourselves with new challenges for the shipping industry and the global economy as whole, with market prospects being neith ...


Monday, 07 January 19
THE NEWCASTLE BENCHMARK SPOT PRICE IS FORECAST TO DECLINE FROM AN ESTIMATED AVERAGE OF US$105 A TONNE IN 2018 TO US$74 A TONNE IN 2020 - DEPARTMENT OF INDUSTRY, AUSTRALIA
• The Newcastle benchmark spot price is forecast to decline from an estimated average of US$105 a tonne in 2018 to US$74 a tonne in 2020, prim ...


Monday, 07 January 19
INDONESIAN GOVERNMENT DECLARED COAL BENCHMARK PRICE FALLS FOR FIFTH STRAIGHT MONTH IN JANUARY 2019; LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


Monday, 07 January 19
RUSSIA'S COAL PRODUCTION UP 5.9% TO 433.4 MLN TONNES IN 2018 - TASS
Coal production in Russia in 2018 increased by 5.9% year-on-year to 433.4 mln tonnes, according to the Central Dispatching Department of Fuel Energ ...


   299 300 301 302 303   
Showing 1501 to 1505 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 ...

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