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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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Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
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- Interocean Group of Companies - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- ICICI Bank Limited - India
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