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
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...


Sunday, 15 January 12
THE FREIGHT MARKET CONTINUED TO BLEED - VISTAAR
COALspot.com - "The markets continued to bleed with BDI touching almost 1000 points , almost reaching the collapse of 2008 levels," said C ...


Saturday, 14 January 12
GOLDEN MINES TO SUPPLY 4 MIO TONS - INSIDER STORIES
Insider Stories reported that, Coal miner under Sinarmas Group PT Golden Energy Mines Tbk (GEMS), a subsidiary of PT Dian Swastatika Sentosa Tbk (DS ...


Friday, 13 January 12
DIFFICULT START OF 2012 FOR DRY BULK MARKET SEEN HARD TO CHANGE IN THE COURSE OF THE YEAR, UNLESS DEMOLITION PICKS UP
The dry bulk market has been on a freefall this week after a rocky start to the new year. Yesterday, the BDI (Baltic Dry Index) the industry's benc ...


Thursday, 12 January 12
DRY BULK MARKET CRASHING AT START OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept being on freefall mode yesterday, with the industry's benchmark, the BDI (Baltic Dry Index) losing a massive 5.17% on ...


   976 977 978 979 980   
Showing 4886 to 4890 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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