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

Sunday, 30 December 18
MAJOR LNG BUYERS' UNCONTRACTED DEMAND TO QUADRUPLE BY 2030 - WOOD MACKENZIE
Wood Mackenzie’s latest research reveals that uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 million ...


Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...


Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...


Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...


Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...


   301 302 303 304 305   
Showing 1511 to 1515 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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