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.
|
|
Thursday, 20 February 14
LENGTHY DELAYS TO PANAMA CANAL EXPANSION POSE GLOBAL TRADE RISKS; US COAL PRODUCERS TO GREATLY BENEFIT ONCE COMPLETE, SAYS WOOD MACKENZIE
Wood Mackenzie expects the recent cost overrun disputes around the Panama Canal expansion to be resolved with limited disruption due to the signific ...
Thursday, 20 February 14
SUPRAMAX: IN ASIA IS IMPROVING SIGNIFICANTLY AND TURNED FROM APS TO DOP MARKET
Handy
The activity is back in the market after Chinese holidays. Supramax in Asia is improving significantly and turned from APS to DOP market. We ...
Wednesday, 19 February 14
NEWCASTLE PORT SHIPPED 30% MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 17 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
Tuesday, 18 February 14
PERUVIAN HIGH COMMISSIONER FOR MINING AFFAIRS WILL BE KEY NOTE SPEAKER AT THE COLOMBIAN COAL CONFERENCE 2014
Press Release: The High Commissioner for Mining Affairs in the Presidency of the Peruvian Council of Ministers, General (R) Daniel Urresti Elera, ha ...
Monday, 17 February 14
US COAL PRODUCTION IN 2013 FELL TO ITS LOWEST LEVEL IN 20 YEARS
COALspot.com: U.S coal production for 2013 totaled an estimated 996 million short tons (MMst), 21 MMst (2%) lower than in 2012. It is the first time ...
|
|
|
Showing 3846 to 3850 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
|
| |
| |
|
