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, 20 February 15
U.S. PRODUCED AROUND 19.2 MILLION SHORT TONS OF COAL WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.2 million short tons (mmst) of coal ...
Thursday, 19 February 15
PANAMAX: NOPAC AND AUSSIE ROUNDS ARE DONE IN LOW/MID $ 4000; TRIPS VIA INDONESIA TO INDIA CLOSER TO THE $5000 MARK - FEARNLEYS
Handy
The handy and supra market has not seen any firming rates in front of the Chinese New Year and still suffering on low activity in both hemi ...
Wednesday, 18 February 15
DRY BULK SHIPPING TO RECOVER IN LATE 2015 - DREWRY MARITIME RESEARCH
Strong trade growth, moderating fleet development and deployment of new fuel efficient vessels are expected to lead to a recovery in dry bulk shipp ...
Tuesday, 17 February 15
WHO PAYS THE SUEZ CANAL FEES? - INCE & CO
KNOWLEDGE TO ELEVATE
This was an appeal from an arbitration award on a point of construction in relation to the wording of an addendum to a ch ...
Tuesday, 17 February 15
BUOYANT WAVES IN RECENT YEARS: GLOBAL SHIP INVESTMENT SINCE THE CRASH - HELLENIC SHIPPING NEWS
Anxiety about fleet expansion is a recurring feature of world shipping markets. Within the global maritime community, worries about the vast amount ...
|
|
|
Showing 3186 to 3190 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
|
| |
| |
|
