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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 14 January 15
DRY BULK MARKET NOTED ANOTHER WEEKLY DECLINE - INTERMODAL
COALspot.com: The Dry bulk market noted another weekly decline on Friday, with the performance of the Capesize market still weighing down on the re ...
Wednesday, 14 January 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In Oil we trust! The Barrel price has declined by almost a third in comparison to the 2014 January and has being on the downhill since early last s ...
Wednesday, 14 January 15
COMMODITIES AREN'T PRIMED FOR A REBOUND DURING 2015: SHIPPING COULD BENEFIT FROM LOWER PRICES - ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In the recent past, higher commodity prices were driven by an increase in demand from developing countries, which spelled good news for ship owners ...
Wednesday, 14 January 15
SUB-BIT FOB INDONESIA COAL SWAP FOR Q1 DELIVERY CLOSED AT US$ 46.97 PMT
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week.
The Q1 swap has fell US$ 1.53 (-3.15 ...
Wednesday, 14 January 15
Q4' 15 FOB NEWCASTLE COAL SWAP CLOSED 4.51% LOWER COMPARED TO Q1' 15 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.56 per MT (-3.0%) month over month and US$ 1.03 (-2.0%) week ove ...
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- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- The University of Queensland
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
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