We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Wednesday, 07 December 16
U.S. COAL PRODUCTION IS FORECAST TO INCREASE BY 2% IN 2017 - EIA
U.S. Coal production in November 2016 was 70.7 million short tons (MMst), the third time this year monthly production exceeded 70 MMst, says EIA.
...
Wednesday, 07 December 16
IT'S BEEN YET ANOTHER TURBULENT COUPLE OF DAYS..... - GEORGE LAZARIDIS
It’s been yet another turbulent couple of days, with a significant number of news headlines shaking up markets.
On Friday we had & ...
Monday, 05 December 16
INDIAN HYDROPOWER PRODUCTION AT LOWEST LEVEL SINCE 2012, SAYS COMMODORE RESEARCH
According to Commodore Research, the first eleven months of this year have seen India’s overall electricity production total approximately 1. ...
Monday, 05 December 16
THE DECEMBER 2016 HBA HITS TO ITS HIGHEST LEVEL SINCE MAY 2012
COALspot.com: The Indonesia coal benchmark price hits to its highest level since May 2012. The government declared benchmark prices for Indo ...
Monday, 05 December 16
BALTIC PANAMAX INDEX UP 5.98%; BALTIC CAPE INDEX FELL 2.52% W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rally slightly continues this past week and ending on a s ...
|
|
|
Showing 2191 to 2195 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
|
| |
| |
|
