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, 27 October 16
PANAMAX: FIRM ATLANTIC; TOPPISH PACIFIC - FEARNLEYS
Supramax The trend from last week is passed on. ECSA still strong with Supras from N Brazil to Med fixed at $9,000 to $9,500 daily. Accordin ...


Wednesday, 26 October 16
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
If the finale of a thriller movie finds the leading actor successfully surviving after all the sacrifices he has made, the audience presumes this t ...


Tuesday, 25 October 16
INDONESIAN COAL PRICES MARCH HIGHER CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...


Tuesday, 25 October 16
THINGS ARE SLOWLY STARTING TO IMPROVE AS CORRECTIONS ARE MADE - ALLIED
It seems as though left, right and centre, all we see nowadays is the word “restructuring”. There is restructuring amongst bankers ...


Monday, 24 October 16
KOMIPO INVITES BIDS FOR 0.78 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...


   447 448 449 450 451   
Showing 2241 to 2245 news of total 6871
News by Category
Popular News
 
Total Members : 28,692
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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