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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, 20 April 17
CHINA'S IMPORT OF IRON ORE TO PROPEL DRY BULK SHIPPING DEMAND IN 2017 - PETER SAND
China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shippin ...
Monday, 17 April 17
THE PANAMAX INDEX (BPI) ROSE (12.89%) WEEK OVER WEEK
COALspot.com: The Freight market was firm, week over a week as all segments show a positive upward trend this past week.
The Baltic Exchange, ...
Monday, 17 April 17
U.S. WEEKLY COAL OUTPUT FELL 5% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 13 April 17
OPEC OVER-DELIVERS ON OIL CUTS, BUT SEES RIVALS' OUTPUT RISING
Crude Oil Price Movements
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude fut ...
Wednesday, 12 April 17
THE PORT OF NEWCASTLE SHIPPED 13.791 MILLION TONS OF COAL IN MARCH 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,688.5 ...
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- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Australian Coal Association
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Economic Council, Georgia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Planning Commission, India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
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