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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
Monday, 13 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The current sentiment in the dry market resembles memories from the end of 2008, when the Baltic Dry Index closed at the level of 663 points on Dece ...
Sunday, 12 February 12
INDONESIA HAS ISSUED A REGULATION TO BAN THE EXPORT OF UNPROCESSED MINERALS AND METALS BY 2014
COALspot.com - The Indonesian government has finally issued a ministerial decree (7 Year 2012 dated 6 February 2012) to ban the export of unpro ...
Sunday, 12 February 12
THE BALTIC DRY INDEX CLIMBS 10.51%
COALspot.com - "The markets touched record lows not seen since mid 80’s. However there was some good news with signs of market recovery a ...
Saturday, 11 February 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY
The week was highlighted with intense worries in the eurozone for Greece to secure its second bailout of $130billion by applying a ...
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- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Planning Commission, India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
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- GAC Shipping (India) Pvt Ltd
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- CIMB Investment Bank - Malaysia
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- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
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- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
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- Alfred C Toepfer International GmbH - Germany
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- CNBM International Corporation - China
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- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Globalindo Alam Lestari - Indonesia
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- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
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- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
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- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
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- White Energy Company Limited
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- Semirara Mining Corp, Philippines
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- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
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- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
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- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
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- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
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- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
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- Australian Coal Association
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