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.
|
|
Tuesday, 15 March 16
PORT OF NEWCASTLE SHIPPED 12.78 MMT OF COAL IN FEBRUARY 2016
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped AU$1,110.5 mi ...
Tuesday, 15 March 16
ADARO ENERGY LOWERED ITS COAL CASH COST BY 16% TO US$ 27.98 PER TONE IN 2015
Difficult Coal Market Condition Persists in 2015, Adaro Lowers Costs, Reduces Capital Spending and Maintains Solid Liquidity.
PT Adaro E ...
Monday, 14 March 16
THE CS 50 INDEX ROSE $0.16 OR, 0.41% TO $38.82 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.41 percent week over week to averaging $38.82 per ton on this past Friday, ac ...
Monday, 14 March 16
THE BALTIC EXCHANGE CONTINUED TO ROSE THIS PAST WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rise this week helped by higher rates for pa ...
Saturday, 12 March 16
PLN, COAL COMPANIES IN TALKS ABOUT PRICES - THE JAKARTA POST
Following a study that predicted that Indonesia would struggle to provide coal for its power stations in the near future, the government will facil ...
|
|
|
Showing 2521 to 2525 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Australian Coal Association
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
|
| |
| |
|
