COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY


COALspot.com - Indonesia shipped 28.962 Million tons of coal  in May 2011, up by 15.86 percent compared to April export of about  24.995 million tons, Indonesian coal industry sources said. 56.30 percent up year-to year.

China's Indonesian coal imports have jumped up drastically in May by 2.105 MMt compared to its April imports. Chinese coal imports from Indonesia in May was higher than India's imports from Indonesia. India has imported 6.368 million tons in May where’s China has imported about 8.21 MMt which was 1.841 million MT higher. 

India has lost its largest Indonesian coal importer status to China first time in the last five months. India was the largest Indonesian coal importer since January 2011 followed by China and other Asian countries. China is expected to import more coal in this month and coming months to increase energy supplies to prevent a worsening of its  summer power shortage in seven years.

According to analyst, China faces a power shortfall, and that may extend to 40GW this northern summer, surpassing its 2004 power shortfall. China’s benchmark power-station coal prices rose to the highest since October 2008 as summer electricity demand increased in the world’s fastest-growing major economy, as quoted by Bloomberg its report early this week.

According to Indian coal minister,  Indian coal imports may be at 250 million tons per annum by 2016. Coal imports is unavoidable option for Indian utilities due to non availability of  economically viable coal from domestic mines.  However, according to Indian UMPPs, due to Indonesian government regulation that forces all coal producers must sell coal at government declared monthly prices, would cost them at least US$ 30 per ton higher than they previously budgeted.

"Implementation of this proposed new rule  by the Indonesian government ( I.e., the law mandates all coal producers to sell coal at government declared prices) will adversely impact all existing and future imported coal-based power plants in India, including UMPPs," Ashok Khurana, the Director General of the Association of Power Producers, said as reported by an Indian paper.

“When Indian 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 Dipesh Dipu, director, at Deloitte, mydigitalfc reported.


Indonesia has introduced bench mark pricing mechanism for its coal  since February 2010, and it has implemented for the domestic supplies as well export market. The pricing was done on very transparent way using four internationally acceptable coal indices to generate monthly Indonesian coal reference prices for about 62 types of coal including 8 types of bench mark qualities.

The regulation also requires miners to report sales volumes, prices, and buyers every month to the government, allowing it to ensure that the rules are being followed. Violations can lead to revocation of mining permits. The price benchmark aims to prevent firms selling coal to affiliates at low prices to avoid taxes that hurts Indonesia's efforts to collect revenues from its massive commodity exports.

Ministry of Energy and Mineral Resources of Indonesia has set the June 2011 Indonesian Coal Reference Price for thermal coal at US$ 119.03 per ton per ton, which was 1.20 percent higher than May 2011 price of US$ US$ 117.61. Assessment basis of coal price reference was calculated considering coal with GCV (GAR)  6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and  delivery free on Board (FOB) Vessel basis  and applicable for spot contract, delivery between 1 – 30 June 2011.

Indonesian bituminous coal of 5,500 kcal/kg NAR was offered at between $ 108 - 110 a ton, FOB vessel basis this week, slightly up from last week price, traders said.

According to Indian power industry sources opined that  Indian UMPPs ( ultra-mega power project) suddenly caught in between as the concept of UMPP was implemented 4 to 5 years back. The large scale industrial houses in India  have bided and secured UMPP licenses based on the open market prices /long term coal contracts from Indonesian producers (I.e., pre regulated Indonesian market). Now that Indonesian coal reference price mechanism is in place all the UMPP's are seeking Indian government’s assistance in revising the Power Tariff of UMPP.

Now, the bankers who have funded the projects are bit worried about the rising Indonesian coal costs versus the power sales price which was pegged at pre-regulation prices, Indian banking industry sources said. Now, we need to see whether Indian Government allows the UMPPs to revise the power sale prices based on Indonesian coal reference price mechanism.

As such India cement and steel industries were used to buy coal from South Africa and Australia on index base pricing mechanism since last four to five years. in view of the attractive profit margin levels, entire Indonesian coal producers migrated to Index based pricing for coal contracts . “Where's still many of the Indian utilities and private consumers are still procuring the coal on firm delivered basis. This concept is creating lot of confusion in the Indian trade circles” an Indian trader commented.

77.12 percent of total coal exports in May goes to China, India, South Korea, Japan and Taiwan respectively.

The coal export information within this article is provided by coalspot.com on an "as is" and "as available” basis. All details about, given in good faith, without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program. ...


Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...


Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...


Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...


Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...


   1195 1196 1197 1198 1199   
Showing 5981 to 5985 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ambuja Cements Ltd - India
  • Moodys - Singapore
  • Gupta Coal India Ltd
  • Malabar Cements Ltd - India
  • IMC Shipping - Singapore
  • The State Trading Corporation of India Ltd
  • Credit Suisse - India
  • Coeclerici Indonesia
  • KPMG - USA
  • OPG Power Generation Pvt Ltd - India
  • Bulk Trading Sa - Switzerland
  • Indian School of Mines
  • World Bank
  • OCBC - Singapore
  • Xstrata Coal
  • Maybank - Singapore
  • Sindya Power Generating Company Private Ltd
  • U S Energy Resources
  • Petron Corporation, Philippines
  • Directorate Of Revenue Intelligence - India
  • Parliament of New Zealand
  • The India Cements Ltd
  • Kalimantan Lumbung Energi - Indonesia
  • Bangkok Bank PCL
  • Merrill Lynch Bank
  • CoalTek, United States
  • Vijayanagar Sugar Pvt Ltd - India
  • Iligan Light & Power Inc, Philippines
  • CIMB Investment Bank - Malaysia
  • Eastern Coal Council - USA
  • Rudhra Energy - India
  • PowerSource Philippines DevCo
  • UBS Singapore
  • Wilmar Investment Holdings
  • Dalmia Cement Bharat India
  • Jaiprakash Power Ventures ltd
  • Holcim Trading Pte Ltd - Singapore
  • Singapore Mercantile Exchange
  • Permata Bank - Indonesia
  • Star Paper Mills Limited - India
  • Cebu Energy, Philippines
  • UOB Asia (HK) Ltd
  • SGS (Thailand) Limited
  • Ministry of Finance - Indonesia
  • Mjunction Services Limited - India
  • MS Steel International - UAE
  • Thriveni
  • Pinang Coal Indonesia
  • Madhucon Powers Ltd - India
  • Makarim & Taira - Indonesia
  • Carbofer General Trading SA - India
  • Interocean Group of Companies - India
  • Attock Cement Pakistan Limited
  • Pendopo Energi Batubara - Indonesia
  • Heidelberg Cement - Germany
  • PTC India Limited - India
  • Vedanta Resources Plc - India
  • Intertek Mineral Services - Indonesia
  • Larsen & Toubro Limited - India
  • Rio Tinto Coal - Australia
  • GMR Energy Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Baramulti Group, Indonesia
  • LBH Netherlands Bv - Netherlands
  • South Luzon Thermal Energy Corporation
  • Cardiff University - UK
  • Peabody Energy - USA
  • Inco-Indonesia
  • Britmindo - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Eastern Energy - Thailand
  • HSBC - Hong Kong
  • Kohat Cement Company Ltd. - Pakistan
  • Lanco Infratech Ltd - India
  • Africa Commodities Group - South Africa
  • PNOC Exploration Corporation - Philippines
  • Energy Link Ltd, New Zealand
  • Thiess Contractors Indonesia
  • Vizag Seaport Private Limited - India
  • Maersk Broker
  • Bukit Makmur.PT - Indonesia
  • Arutmin Indonesia
  • JPMorgan - India
  • India Bulls Power Limited - India
  • BRS Brokers - Singapore
  • GNFC Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • IOL Indonesia
  • Mercator Lines Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • New Zealand Coal & Carbon
  • Borneo Indobara - Indonesia
  • Mercuria Energy - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Ince & co LLP
  • Energy Development Corp, Philippines
  • Orica Australia Pty. Ltd.
  • Reliance Power - India
  • European Bulk Services B.V. - Netherlands
  • Arch Coal - USA
  • The Treasury - Australian Government
  • Kobe Steel Ltd - Japan
  • Mitsubishi Corporation
  • Kapuas Tunggal Persada - Indonesia
  • CNBM International Corporation - China
  • Cosco
  • Simpson Spence & Young - Indonesia
  • ANZ Bank - Australia
  • Altura Mining Limited, Indonesia
  • Kaltim Prima Coal - Indonesia
  • Qatrana Cement - Jordan
  • Banpu Public Company Limited - Thailand
  • Trasteel International SA, Italy
  • Manunggal Multi Energi - Indonesia
  • TeaM Sual Corporation - Philippines
  • Semirara Mining Corp, Philippines
  • Barasentosa Lestari - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • BNP Paribas - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Straits Asia Resources Limited - Singapore
  • Adani Power Ltd - India
  • Coaltrans Conferences
  • Argus Media - Singapore
  • Commonwealth Bank - Australia
  • Electricity Authority, New Zealand
  • Sucofindo - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Ministry of Transport, Egypt
  • IEA Clean Coal Centre - UK
  • WorleyParsons
  • Thermax Limited - India
  • Fearnleys - India
  • JPower - Japan
  • Kumho Petrochemical, South Korea
  • Videocon Industries ltd - India
  • PLN Batubara - Indonesia
  • TRAFIGURA, South Korea
  • Cement Manufacturers Association - India
  • ING Bank NV - Singapore
  • ETA - Dubai
  • Indogreen Group - Indonesia
  • Standard Chartered Bank - UAE
  • SN Aboitiz Power Inc, Philippines
  • Deutsche Bank - India
  • Semirara Mining and Power Corporation, Philippines
  • Leighton Contractors Pty Ltd - Australia
  • KOWEPO - South Korea
  • Freeport Indonesia
  • Xindia Steels Limited - India
  • ACC Limited - India
  • Port Waratah Coal Services - Australia
  • ASAPP Information Group - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Shree Cement - India
  • Central Java Power - Indonesia
  • Romanian Commodities Exchange
  • Cemex - Philippines
  • Australian Commodity Traders Exchange
  • Barclays Capital - USA
  • GVK Power & Infra Limited - India
  • Samsung - South Korea
  • Asia Cement - Taiwan
  • KPCL - India
  • Salva Resources Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • McConnell Dowell - Australia
  • VISA Power Limited - India
  • Grasim Industreis Ltd - India
  • Maruti Cements - India
  • Geoservices-GeoAssay Lab
  • Mitsui
  • Price Waterhouse Coopers - Russia
  • Bank of China, Malaysia
  • Aboitiz Power Corporation - Philippines
  • London Commodity Brokers - England
  • TGV SRAAC LIMITED, India
  • Latin American Coal - Colombia
  • IBC Asia (S) Pte Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Savvy Resources Ltd - HongKong
  • Merrill Lynch Commodities Europe
  • PLN - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Sical Logistics Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • NTPC Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Metalloyd Limited - United Kingdom
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Maheswari Brothers Coal Limited - India
  • Parry Sugars Refinery, India
  • Georgia Ports Authority, United States
  • Marubeni Corporation - India
  • Idemitsu - Japan
  • Riau Bara Harum - Indonesia
  • Bhoruka Overseas - Indonesia
  • Indorama - Singapore
  • The University of Queensland
  • Kepco SPC Power Corporation, Philippines
  • Cargill India Pvt Ltd
  • Panama Canal Authority
  • Australian Coal Association
  • globalCOAL - UK
  • Vale Mozambique
  • World Coal - UK
  • Bank of America
  • Thailand Anthracite
  • Mechel - Russia
  • DBS Bank - Singapore
  • Coal India Limited
  • Infraline Energy - India
  • AsiaOL BioFuels Corp., Philippines
  • Coastal Gujarat Power Limited - India
  • ICICI Bank Limited - India
  • Adaro Indonesia
  • Tanito Harum - Indonesia
  • Humpuss - Indonesia
  • Berau Coal - Indonesia
  • Antam Resourcindo - Indonesia
  • Sojitz Corporation - Japan
  • San Jose City I Power Corp, Philippines
  • Petrosea - Indonesia
  • Goldman Sachs - Singapore
  • Core Mineral Indonesia
  • Vitol - Bahrain
  • Oldendorff Carriers - Singapore
  • Deloitte Consulting - India
  • GAC Shipping (India) Pvt Ltd
  • Bhatia International Limited - India
  • Meenaskhi Energy Private Limited - India
  • Anglo American - United Kingdom
  • McKinsey & Co - India
  • Jindal Steel & Power Ltd - India
  • Edison Trading Spa - Italy
  • Power Finance Corporation Ltd., India
  • Malco - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Electricity Generating Authority of Thailand
  • Alfred C Toepfer International GmbH - Germany
  • Minerals Council of Australia
  • Economic Council, Georgia
  • CCIC - Indonesia
  • J M Baxi & Co - India
  • Coal and Oil Company - UAE
  • Global Green Power PLC Corporation, Philippines
  • Surastha Cement
  • Jatenergy - Australia
  • SASOL - South Africa
  • Karbindo Abesyapradhi - Indoneisa
  • PetroVietnam
  • Sinarmas Energy and Mining - Indonesia
  • Indonesian Coal Mining Association
  • Bahari Cakrawala Sebuku - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Coal Orbis AG
  • Orica Mining Services - Indonesia
  • Mitra SK Pvt Ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Indian Energy Exchange, India
  • SUEK AG - Indonesia
  • NALCO India
  • Therma Luzon, Inc, Philippines
  • Indonesia Power. PT
  • Japan Coal Energy Center
  • Tamil Nadu electricity Board
  • Planning Commission, India
  • Asmin Koalindo Tuhup - Indonesia
  • Mintek Dendrill Indonesia
  • Siam City Cement - Thailand
  • RBS Sempra - UK
  • Indika Energy - Indonesia
  • SMC Global Power, Philippines
  • Uttam Galva Steels Limited - India
  • Russian Coal LLC
  • KEPCO - South Korea
  • Tata Chemicals Ltd - India
  • Platts
  • Independent Power Producers Association of India
  • Chettinad Cement Corporation Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Siam City Cement PLC, Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Formosa Plastics Group - Taiwan
  • Bhushan Steel Limited - India
  • Total Coal South Africa
  • Samtan Co., Ltd - South Korea
  • Toyota Tsusho Corporation, Japan
  • Krishnapatnam Port Company Ltd. - India
  • EMO - The Netherlands
  • CESC Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Chamber of Mines of South Africa
  • Tata Power - India
  • Kobexindo Tractors - Indoneisa
  • APGENCO India
  • Indian Oil Corporation Limited
  • GN Power Mariveles Coal Plant, Philippines
  • Inspectorate - India
  • Enel Italy
  • Sakthi Sugars Limited - India
  • Noble Europe Ltd - UK
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • GHCL Limited - India
  • Wood Mackenzie - Singapore
  • Renaissance Capital - South Africa
  • MEC Coal - Indonesia
  • Gujarat Sidhee Cement - India
  • Shenhua Group - China
  • Central Electricity Authority - India
  • Coalindo Energy - Indonesia
  • SRK Consulting
  • Platou - Singapore
  • White Energy Company Limited
  • Global Coal Blending Company Limited - Australia
  • SMG Consultants - Indonesia
  • Bharathi Cement Corporation - India
  • EIA - United States
  • Clarksons - UK
  • Bangladesh Power Developement Board
  • Timah Investasi Mineral - Indoneisa
  • Directorate General of MIneral and Coal - Indonesia
  • Global Business Power Corporation, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Rashtriya Ispat Nigam Limited - India
  • Agrawal Coal Company - India
  • Meralco Power Generation, Philippines
  • TNPL - India
  • Lafarge - France
  • bp singapore
  • Essar Steel Hazira Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Ministry of Mines - Canada
  • IHS Mccloskey Coal Group - USA
  • Sree Jayajothi Cements Limited - India
  • Runge Indonesia
  • Asian Development Bank
  • Thai Mozambique Logistica
  • Thomson Reuters GRC
  • Glencore India Pvt. Ltd
  • Gresik Semen - Indonesia
  • Medco Energi Mining Internasional
  • Posco Energy - South Korea
  • GB Group - China
  • Billiton Holdings Pty Ltd - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Kartika Selabumi Mining - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Aditya Birla Group - India
  • Ind-Barath Power Infra Limited - India
  • Bukit Baiduri Energy - Indonesia
  • TANGEDCO India