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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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- PNOC Exploration Corporation - Philippines
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- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
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- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
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- Savvy Resources Ltd - HongKong
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- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
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- Ceylon Electricity Board - Sri Lanka
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
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- ICICI Bank Limited - India
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- Parliament of New Zealand
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- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Indian Energy Exchange, India
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- Chamber of Mines of South Africa
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- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
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- Wilmar Investment Holdings
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- San Jose City I Power Corp, Philippines
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- The University of Queensland
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- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
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- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
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- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
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- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
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- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
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- White Energy Company Limited
- Electricity Authority, New Zealand
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- Economic Council, Georgia
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- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
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- Romanian Commodities Exchange
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- Wood Mackenzie - Singapore
- VISA Power Limited - India
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- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Aditya Birla Group - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Australian Coal Association
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- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
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- IHS Mccloskey Coal Group - USA
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- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Parry Sugars Refinery, India
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