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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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Wednesday, 28 January 15
CAPES CONTINUED THEIR UPWARD MOVEMENT LAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market displayed a mirror performance of that of the week prior, with the Capesize market correcting further upwards and ...
Tuesday, 27 January 15
Q1 FOB INDONESIA COAL SWAP CLOSED AT $ 47.87 FOR WEEK ENDING JAN. 23
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 gain week over week and declined month on month.
The Q1 swap has decline US$ 0.9 ...
Tuesday, 27 January 15
Q2 FOB NEWCASTLE COAL SWAP UP 4.5% W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery declined US$ 0.28 per MT (-0.54%) month over month and increased US$ 1.23 ( ...
Monday, 26 January 15
OVERSUPPLY, AMPLE STOCKPILES, AND LACKLUSTER UNDERLYING STEEL DEMAND KEPT COKING COAL PRICES LOW IN 2014
COALspot.com: Coking coal prices (FOB & CFR) fell 15% and 18% respectively during the year, amidst persistent oversupply, ample inventory and s ...
Monday, 26 January 15
FOB RICHARDS BAY Q2 COAL SWAP CLOSED LOWER THAN Q1 CLOSING
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q1' 2015 declined month over month and day on day.
The Q1 swap has fell ...
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- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- White Energy Company Limited
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
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- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Australian Coal Association
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Siam City Cement - Thailand
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- The University of Queensland
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
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