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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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Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produce ...
Monday, 04 November 19
PANAMAX: WEAKER SENTIMENTS CONTINUED FROM LAST WEEK, WITH RATES FURTHER SOFTENING IN BOTH BASINS - BALTIC BRIEFING
Capesize
The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, t ...
Thursday, 31 October 19
U.S. COAL-FIRED POWER PLANTS SCHEDULED TO SHUT - REUTERS
U.S. power companies expect to retire or convert from coal to gas over 13,800 megawatts (MW) of coal-fired plants in 2019 after shutting over 13,30 ...
Thursday, 31 October 19
SE ASIA MAY BECOME NET FOSSIL FUEL IMPORTER IN COMING YEARS - IEA
Southeast Asia is set to become a key driver of world energy trends over the next 20 years as its energy demand grows at twice the global average, ...
Monday, 28 October 19
ULTRAMAX: ASIA RATES REMAINED UNDER PRESSURE WITH THE NORTH LACKING FRESH ENQUIRY - BALTIC BRIEFING
Capesize
The end of the week brought about a small increase in sentiment heading into a long weekend for some regions. After sustaining a drop ...
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- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- The University of Queensland
- White Energy Company Limited
- MS Steel International - UAE
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