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

Tuesday, 30 November 99


   1371 1372 1373 1374 1375   
Showing 6871 to 6871 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 ...

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