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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, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
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- PTC India Limited - India
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
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