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.
|
|
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
|
|
|
Showing 26 to 30 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
|
| |
| |
|
