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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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Monday, 15 June 15
API 5 FOB NEWCASTLE COAL SWAP: Q1'16 DELIVERY CLOSED 1.14% LOWER THAN Q4'15 DELIVERY PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 1.10 per MT (2.47%) month over month to US$ 45.67 per mt. The swap ...
Monday, 15 June 15
CFR SOUTH CHINA COAL SWAP: ROSE M-O-M; DECLINED W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 1.43 (2.82%) per MT month over month.
A commodity swap is a ...
Sunday, 14 June 15
THE FREIGHT MARKET FINISHED THE WEEK UP COMPARED TO LAST WEEK
COALspot.com: The freight market finished the week up compared to last week. All the segments except for Cape index were up. Cape segment was ...
Friday, 12 June 15
EXPECTATIONS IN REGARDS TO THE SUMMER SEASON VARY ACROSS THE MARKET - INTERMODAL
The Dry Bulk market closed off last slightly up last week, with the BDI re-gaining the 600 points level, while the driving force behind the increas ...
Friday, 12 June 15
U.S. PRODUCED 15.1 MMST OF COAL THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.1 million short ...
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- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
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- Indian Oil Corporation Limited
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- Interocean Group of Companies - India
- Commonwealth Bank - Australia
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- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
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- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
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- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
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- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- London Commodity Brokers - England
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Indogreen Group - Indonesia
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- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- Heidelberg Cement - Germany
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- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
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- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
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- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
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- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
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- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
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- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Carbofer General Trading SA - India
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