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

Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian ...


Tuesday, 11 June 13
COAL: NO SIGN OF RECOVERY - GABRIELLA
COALspot.com: We attended the 19th Annual Coaltrans Asia Conference, where we found most of the speakers were not very optimistic on the outlook for ...


Tuesday, 11 June 13
NEWCASTLE PORT SHIPPED MORE COAL WEEK ENDED 11 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 3,104,509 tons of coal for the week ended  0700 hours 11 June 2013, Newcastle Port Corp. ...


Tuesday, 11 June 13
OUTLOOK FOR CAPESIZES LOOKS GRIM, DESPITE FALLING IRON ORE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Things aren't looking all that rosy for the dry bulk market, despite a stronger volume of iron ore imports during the months of March and April, as ...


Sunday, 09 June 13
CFR SOUTH CHINA COAL SWAP IS UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost  0.03 percent  week on week but gained 0.07 pe ...


   849 850 851 852 853   
Showing 4251 to 4255 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 ...

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