COALspot.com keeps you connected across the coal world
  • NOVEMBER 2021 HBA FOR EXPORTS INCREASED BY $33.03% MOM, $85.79 YTM AND $183.50% YOY
  • NOVEMBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$215.01 A TON

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


WTI Crude Oil

BRENT Crude Oil

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

Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...


Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...


Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...


Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...


Tuesday, 16 November 21
CHINA'S MONTHLY COAL OUTPUT RISES TO HIGHEST SINCE MARCH 2015 - REUTERS
China’s October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame reco ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6477
News by Category
Popular News
 
Total Members : 27,652
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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