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.
|
|
Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
|
|
|
Showing 4936 to 4940 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Bangladesh Power Developement Board
- Planning Commission, India
- The Treasury - Australian Government
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
|
| |
| |
|
