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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Friday, 03 July 15
U.S DELIVERS WEAK FIRST HALF COAL PRODUCTION; 8.8% LOWER Y-O-Y
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.5 million short ...
Friday, 03 July 15
SHIPPING CONFIDENCE EQUALS SEVEN-YEAR LOW - MOORE STEPHENS
Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the p ...
Thursday, 02 July 15
TECHNOLOGY AND INNOVATION IN MINING 2015 - IXG
Information Exchange Group’s Technology and Innovation in Mining 2015- International Summit on Mining
Press Release: The inaugural editi ...
Thursday, 02 July 15
THE PERFORMANCE OF THE CAPESIZE SEGMENT PUSHED DRY BULK MARKET TO UPWARD LAST WEEK
COALspot.com: The Dry Bulk market continued its upward movement last week, with the BDI closing off on Friday (26 June) in excess of 800 points, wh ...
Wednesday, 01 July 15
Q4'15 AND Q1'16 FOB RICHARDS BAY COAL SWAPS ROSE W-O-W AND M-O-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 rose month over month and down week over week.
The Q3 swap was up US$ ...
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- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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