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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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Tuesday, 28 April 15
Q2' 15 FOB RICHARDS BAY COAL SWAP CLOSED 4.18% HIGHER FROM MONTH AGO
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased month over month and slightly week over week.
The Q2 swap ha ...
Monday, 27 April 15
U.S. COAL PRODUCTION FELL BELOW ONE BILLION SHORT TONS IN 2013 - EIA
COALspot.com: For the first time in two decades, U.S. coal production fell below one billion short tons to 984.8 million short tons in 2013 from 1, ...
Monday, 27 April 15
Q3' 2015 FOB NEWCASTLE COAL SWAP CLOSED 3.69% LOWER THAN Q2' 2015 PRICE OF $46.36
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery gained US$ 0.19 per MT (0.41%) month over month and US$ 0.78 week on week. ...
Monday, 27 April 15
CFR SOUTH CHINA COAL SWAP SLOWLY IMPROVED THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 0.74 (-1.41%) per MT month over month and increased US$ 0.43 ...
Sunday, 26 April 15
DRY BULK MARKET KEPT IMPROVING THIS WEEK; CAPES AND PANAMAXES SHOW A SLIGHT PICKUP IN RATES
COALspot.com: The freight market was stable this week as BDI closed at 600 points after improving 0.50 percent week over week.
The cape ...
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- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- White Energy Company Limited
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Australian Coal Association
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
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