We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 19 September 14
PRICES FOR DRY BULK CARRIERS HAVEN'T CORRECTED ENOUGH, DESPITE LOWER THAN EXPECTED FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lot has been said and written about the looming dry bulk market recovery over the past few months. However, even if this hasn’t been materi ...
Thursday, 18 September 14
INDONESIA'S JULY COAL EXPORT VOLUME DROPPED 5.13% M-O-M
COALspot.com: Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.65* ...
Thursday, 18 September 14
PANAMAX : US GULF/CHINA FRONTHAUL ARE NOW PAYING TYPICALLY 14.5K + 450K BB - FEARNRESEARCH
Handy
We still see a firming tendency in the Atlantic and it is still ECSA and USG leading on. USG/Cont now up in about USD 17/18k for a Smax whi ...
Thursday, 18 September 14
ELECTRONIC BILLS OF LADING: A GUIDE TO PAPERLESS TRADING WHICH HAS TAKEN THE SHIPPING INDUSTRY BY STORM
Bimco has recently developed and published a charter party clause that specifically addresses the use of electronic bills of lading. Increasing use ...
Wednesday, 17 September 14
PANAMAX: LIMITED INTEREST IN BOTH BASINS; RISING TONNAGE - INTERMODAL
With the week starting off at a fast pace and with the positive momentum from the previous Friday seemingly sticking around for a bit longer, most ...
|
|
|
Showing 3481 to 3485 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Planning Commission, India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
|
| |
| |
|
