COALspot.com keeps you connected across the coal world
  • JULY 2021 HBA FOR EXPORTS INCREASED BY $15.02 MOM, $39.51 YTM AND $63.19 YOY
  • JULY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 115.35 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

Monday, 10 August 20
COAL IMPORT DROPS 43% IN JULY OWING TO HIGH STOCKPILE AT PITHEADS, PLANTS - PTI
“The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see an ...


Saturday, 08 August 20
GLOBAL COAL POWER PUZZLE - BALTIC EXCHANGE
Global Energy Monitor’s latest Global Coal Plant Tracker has put another nail in the coffin for the coal-carrying fleet with its finding that ...


Friday, 07 August 20
PEABODY'S $1.42 BILLION WRITE-DOWN CONCEDES COAL MINES HAVE LITTLE VALUE AND DIM FUTURE - IEEFA
Trouble at biggest mine in Powder River Basin speaks volumes about state of industry   Peabody Energy, the world’s largest priva ...


Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...


Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...


   63 64 65 66 67   
Showing 321 to 325 news of total 6351
News by Category
Popular News
 
Total Members : 27,491
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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