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Friday, 11 October 19
INDIAN MINERS REJECT PLAN TO LINK NATIONAL COAL INDEX TO FOREIGN PRICES - REUTERS
 India’s miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents reviewed by Reuters show, because it could make domestic supply uncompetitive.
India’s government is creating a coal price index as part of its plans to open the coal sector to outside investment and end state-run Coal India’s control over prices. The country plans to invite bids from global firms for coal mining blocks by the end of 2019.
A government panel has proposed one index that would link directly to foreign indexes, such as in Indonesia and Australia and a second proposal that measures the value and volume of all coal transactions, including imports, and compares them to a base period, government documents reviewed by Reuters showed.
Local coal prices would likely rise as a result of either proposed index, reducing the competitiveness of local supply, which typically has a lower heat content, to imports.
The Federation of Indian Mineral Industries (FIMI), which counts Rio Tinto’s India unit and India’s Adani Enterprises among members, objected to both plans in a Aug. 23 letter to the Ministry of Coal that was reviewed by Reuters.
FIMI argued instead that the government should base prices only on Coal India’s fuel supply agreements and e-auctions.
“The weightage of lower grades accounts for almost 70% of total (Indian) production. Contrary to this, global indexes are based on higher gross calorific value coals,” FIMI said.
India’s coal ministry declined to comment on details about the index and when it plans to release it.
“Indian coal market has not matured enough to be linked with such indexes. Indian coal is still suffering badly with quality issues at mines, prices are offered ex-mine unlike global indexes,” FIMI said.
Coal is among the top five commodities imported by India. Shipments are surging after the government failed to open the industry to competition, despite passing a liberalization policy 19 months ago.
FIMI argued that India should have a separate index for coking coal, used in steel mills.
But a future index should not look like Indonesia’s, which factors in various indices including the export index from Newcastle, Australia, as Indonesia is the world’s largest exporter, while India would forever remain an importer, FIMI said.
Source: Reuters
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Friday, 22 November 19
FORTY PERCENT OF ADARO'S COAL SALES VOLUME IN 9M19 GOES TO THE SOUTHEAST ASIA REGION
PT Adaro Energy Tbk released its consolidated financial statements yesterday, for the nine month period, ending September 30, 2019.
...
Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
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- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
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