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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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Friday, 22 August 14
U.S WEEKLY COAL PRODUCTION UP 2.4% WEEK OVER WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.60 million short tons (mmst) of coal in ...
Thursday, 21 August 14
PREDICTIONS FROM VARIOUS SHIPPERS AND MINING INDUSTRY FOR 2ND HALF YEAR AND ESPECIALLY Q4 IS POSITIVE
Handy
The activity has increased in both hemispheres this week and we see rates edging up on all trades. TA´s are now paying around 8k whic ...
Thursday, 21 August 14
SHIP OWNERS KEEP SHYING AWAY FOR NEW SHIP INVESTMENTS, OVERALL TREND IS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have remained in the sidelines of the Sale & Purchasing market for second hand vessels, during most of August, while they also slow ...
Wednesday, 20 August 14
DRY BULK MARKET TO REBOUND IN THE FOURTH QUARTER, OR NOT....- NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The projected rebound of the dry bulk market is still an elusive trend and shipbrokers and analysts are looking to identify the timing of the loomi ...
Monday, 18 August 14
CAPESIZE RATES TO RISE TO MUCH HIGHER LEVELS THIS YEAR - JEFFREY LANDSBERG
COALspot.com: Capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates have been a ...
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- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Planning Commission, India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
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