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Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
 COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers. According to industry players in India, Indian ports are become mini coal stockpiles now days.
"Coal stock piles at various ports have reached record levels and are estimated to surpass the 11Mt mark" paper reports says. India is facing an acute fuel shortage, but Indian power producers are refusing to buy imported coal or not willing to pay high price for coal.
"Yes, currently, in all Indian ports more than 10 million mt of imported coal is piled up. The reason for this is a lack of demand for imported coal. One may get wondered why there is a lack of demand when there is a huge fuel and power shortage in India," an international senior coal trader said.
The alarming situation of cargo piled up "COALspot" enquired with various sections of end user, trading, logistics companies and compile the reasons of the serious situation.
The lack of demand is due to variety of reasons viz., ever increase in costs: the depreciation of the Indian rupee, the recent drop in international coal prices, utilities not paying on time, increase in logistical costs, each state invoking section 11 of electricity act preventing the private developers to sell it to other deficient states, lack of evacuation facilities are the main reasons to pile the imported coal at port instead of power plant stock yard, another end-user explain in detail.
From the government, there are numerous new levies like the additional counter veiling duty of 5%, railways increasing the developments charges by 3%; busy season surcharge by 5% and increasing the chargeable weight to carrying capacity plus 10MMT(increase in dead freight) and imposing of clean energy CESS of Rs.50 pmt, are also contributors of this situation, said another trader. Due to above the multiple reasons the lifting of stocks have adversely affected and stocks piled up.
The earlier PPA’s entered by all utilities have become unviable due to the above increase in the inputs. Hence, many of the private operators have chosen to shut down the operations as the sale proceeds are not meeting the cost of production, then, what is the solution? Three-word answer, “Revise Power Tariff,” a power producer commented.
Now, only state runs NTPC and other utilities only able to take imported coal as they average it out with major portion of low cost domestic coal.
Indian coal importers are not forgot to blame Indonesian regulations on coal bench mark price (HBA) as reason for the coal price increases. They feel or believe that, one of the major reasons behind the coal price increase is HBA regulation. " Due to HBA regulation in Indonesia, the prices are ruling very high and there are no signs of easing out the situation," a trader said.
Recently, NPTC has issued a tender for 4 million tons of Imported coal, and KPCL is looking for 50 million tons imported coal for 10-year supplies. According to market information, KPCL is planning to lock coal supplies @ 5 million tons per annum starting from 2015 for 10 years.
Energy and mineral resources ministry of Indonesia is planning to ban the export of low grade coal by 2014 and is also planning to issue a moratorium on the issuance of coal mining licenses. The moratorium is expected to issue any time soon to regulate all the mines, including coal mines in Indonesia. Once the moratorium is issued then, there are possibilities in a reduction of coal production, which may be resulting in coal price increases in the future.
China bought nearly 12.58 million tons of coal from Indonesia last month but India has imported only 3.96 million tons, which is only around 30 percent of Chinese's imports.
“As of now, the Indian coal industry at a cross roads looking towards governmental intervention and reforms. Ministry of power has taken the current scenario very seriously and working towards the solutions. It may take some more time to get the situation settled. We need to wait and watch," according to a coal veteran in Chennai, India.
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Thursday, 15 December 11
DRY BULK RATES TO REMAIN AT CURRENT LEVELS FOR THE MOST PART IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest research note, BIMCO said that the Capesize Time Charter Average will remain at USD 20,000-30,000 per day but the tonnage oversupply w ...
Wednesday, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the lo ...
Wednesday, 14 December 11
TIMAH PLANS TO BOOST ITS COAL PRODUCTION TO TWO MILLION TONS PER ANNUM - SOURCES
COALspot.com - Timah plans to boost its coal production to two million tons per annum. The company also expects to acquire coal concession with mini ...
Wednesday, 14 December 11
BORNEO RESOURCE INVESTMENTS LTD. FINALIZES ACQUISITION OF INTEGRA PRIMA
COALspot.com - Borneo Resource Investments Ltd., announced that it has finalized the acquisition of an additional 1,300 hectare coal mining concessi ...
Tuesday, 13 December 11
BERAU COAL SCOUTS US$1.61 BIO SALES - INSIDER STORIES
Insider Stories reported that, coal mining company PT Berau Coal Energy Tbk (BRAU), that is 85% owned by London-listed company Bumi Plc, estimates a ...
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- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
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