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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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Monday, 15 December 14
INDONESIAN COAL PRICE REFERENCE CRASHES THROUGH $65
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in December. HBA for t ...
Monday, 15 December 14
CFR SOUTH CHINA COAL SWAP LOST $3.37 M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3,37 (-5.33%) month over month and US$ 1.58 (-2.57%) ...
Monday, 15 December 14
Q1' 15 FOB NEWCASTLE COAL SWAP CLOSED AT $ 51.45 ON 12 DEC
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.45 per MT (-2.74%) closed at US$ 51.45 on 12 December month over ...
Sunday, 14 December 14
FREIGHT RATES ARE EXPECTED TO BE SOFT NEXT WEEK
COALspot.com: The Baltic Dry Index (BDI), a measure of commodity-shipping costs, fell 12.12 pct to 863 points week ending 12 December 2014.
Th ...
Friday, 12 December 14
LIMITED TRADING AND AN OVERSUPPLY OF TONNAGE PUSHED HANDY SIZE SHIPS TO DOWN IN USG
Handy
We have seen the TA spot market come down this week lead by limited trading and an oversupply of tonnage in the USG, Fearnleys said in its ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
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- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
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- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- Bulk Trading Sa - Switzerland
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
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- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
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- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
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- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
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- Economic Council, Georgia
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- SMG Consultants - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
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- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
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- Mercuria Energy - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
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- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
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- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
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- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
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- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
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- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
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- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
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- Minerals Council of Australia
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- Altura Mining Limited, Indonesia
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- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
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- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
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- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
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- Bukit Makmur.PT - Indonesia
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- Georgia Ports Authority, United States
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