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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
 COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing mechanism by January 1, 2012.
The BoD of Coal India Ltd on Friday approved a proposal to adopt the internationally accepted, gross calorific value (GCV) based pricing mechanism beginning 2012. The GCV based pricing mechanism will replace existing useful heat value (UHV) pricing mechanism.
According to media reports, new coal prices, dearer by 12-15 percent, is expected to push up power generation cost by at least US$ 0.00753 per unit. Indian UMPP’s, already affected due to Indonesian regulation that requires all the coal suppliers to follow government bench-mark pricing mechanism for coal transaction. UMMP’s have appealed to the government for a power tariff rise. If Coal India’s new coal-price structure pushes the prices of indigenous coal upward, then power producers may push the government for a tariff increase to secure bottom-line of company to keep the industry alive.
Times of India reported that, January 1, coal will be sold in 17 price brands starting from the variety that produces 2,200 kcal/kg to one that produces 7,000 kcal/kg. In between, there are 15 price bands, each at an incremental rise of 300 kcal/kg. Times of India has not reported anything about price adjustment for ash content.
Imported coal
As Coal India moving from UHV pricing mechanism to GCV based mechanism, Indian utilities in the opinion that, the imported coal prices may be competitive in the future for utilities who are currently using only indigenous coal due to price as well as the quality. Indian coal used to be higher ash content compared to imported coal.
"Even if we want to use more coal of higher calorific value, CIL cannot supply it. So we will be using the same coal but paying more," said a utility official, as quoted by times of India. If Coal India fails to fulfill customers' requirements for higher GCV coal when they willing to pay high, then there is possibility utilities looking for imported coal.
However, it is not clear that, whether Coal India will also introduce a coal price index, or it will go with a fixed pricing mechanism for a specific period. Incase coal India follows Indonesian coal pricing structure and tries to introduce index based pricing mechanism for its coal, then indigenous coal prices will also vary based on monthly international indices.
According to media reports, coal India has released price structure to its customers, which has not published for public.
Media reports further said, while those using coal of B, G and F grades will not be affected as new prices will be either same or lower, but those using other coal grades will be extremely affected.
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Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
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- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
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- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- VISA Power Limited - India
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- PowerSource Philippines DevCo
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- International Coal Ventures Pvt Ltd - India
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- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
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- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
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- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
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- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
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