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Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
 COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, Indonesian coal industry sources said.
Indonesian coal producers have shipped approximately 8.236 million tons of coal to China in June, which was 0.24 percent higher than May 2011 exports. However, Indonesian producers failed to push more coal to India in June.
Indian importers have imported 2.63 percent lesser coal compared to May Imports. India has imported only around 6.20 million tons, which were around 21.95 percent of Indoneisan total coal exports in June. In the meantime, India has imported approximately 36.033 million tons coal, which was slightly lesser than Chinese's imports of 36.071 million tons, during first half this year.
India was the largest Indonesian coal importer since January 2011 until April 2011, until China becomes the largest importer of Indonesian coal since May 2011.
According to the coal minister of India, India's coal imports may be at 250 million tons per annum by 2016. Coal imports are an unavoidable options 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.
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.
There are mixed of reactions from Indian mine investors in Indonesia related to government regualtion on coal referance price. Indian power plants are must focus on the fuel security than price advantages out of Indonesian coal mine operations. Mine investments in Indonesia will definitely a good option for power producers of India to secure fuel for their plants, according to an Indian power producer who had invested coal mine in Indonesia.
Meantime, another investor opined that, more and more of Indian lenders are concerned with the sourcing of coal from Indonesia for their power generating plants after reported backing out of Reliance Power from their proposed 4000 MW UMMP in Krishnapatnam port zone due to higher cost for coal imports from Indonesia.
Indonesia has introduced bench mark pricing mechanism for its coal since February 2010, and it has implemented for the domestic supplies as well the export market. The pricing was done on the 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 July 2011 Indonesian Coal Reference Price for thermal coal at US$ 118.24 per ton per ton, which was 0.66 percent lesser than June 2011 price. 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 – 31 July 2011.
Indonesian government is currently drafting a new regulation that could ban the export of low-grade coal by January 12, 2014. This is likely to apply to coal below 5100 kilocalories (on air dried basis) in value.
Indonesian large-scale producers were offering bituminous coal of 5,500 kcal/kg NAR at around $ 108 a ton, FOB vessel basis, and the price was almost flat since last week, buyers said.
79.77 percent of total coal exports in June shipped 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.
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Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
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- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- VISA Power Limited - India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Australian Coal Association
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Ambuja Cements Ltd - India
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