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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, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
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- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Planning Commission, India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
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