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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, 23 December 14
Q4'15 FOB RICHARDS BAY COAL SWAPS FALL $ 3.85 IN A MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 2.13 (-3.17%) month on month ...
Tuesday, 23 December 14
SHIPOWNERS ARE FINALIZING MORE DEALS AS YEAR END COMES CLOSER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
With the 2014 year just a few days before waving goodbye, shipowners are looking to close their pending deals in both the newbuilding and S&P m ...
Monday, 22 December 14
Q2'15 CFR SOUTH CHINA COAL SWAP CLOSED $ 0.30 LOWER THAN Q1'15 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.67 (-5.81%) month over month and US$ 0.35 (-0.58%) ...
Monday, 22 December 14
API 5 FOB NEWCASTLE COAL SWAPS ARE HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.71 per MT (-3.24%) and closed at US$ 51.02 on 19 December month ...
Sunday, 21 December 14
PANAMAX COAL FREIGHT FROM INDONESIA TO INDIA FALLS FURTHER
COALspot.com: The BDI continued its fall as cape index lost heavily week on week.
The BDI was down 6.95 percent week over week and closed at 8 ...
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- Asmin Koalindo Tuhup - Indonesia
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- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
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- Latin American Coal - Colombia
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- Romanian Commodities Exchange
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- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
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- SMG Consultants - Indonesia
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- MS Steel International - UAE
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
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- Indonesian Coal Mining Association
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- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
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- Sree Jayajothi Cements Limited - India
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- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
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- Parliament of New Zealand
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- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
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- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
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- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Coal and Oil Company - UAE
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- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
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- Interocean Group of Companies - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
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- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Medco Energi Mining Internasional
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- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
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- McConnell Dowell - Australia
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- Energy Link Ltd, New Zealand
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- Ministry of Transport, Egypt
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- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
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