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Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
 Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reserve of 12-13 million tonnes of A- and B-grade high quality coal. The company was allowed to charge import-linked price for superior grade coal in October.
Eastern Coalfields Ltd, which has the country's largest reserve of 11 million tonnes of superior coal having highest energy value and low sulphur content, recently entered into MoUs with four West Bengal-based power producers to sell the underground production of 5 million tonnes of A- and B- grade coal at an import-linked price of Rs 3,500-3,700 (US$ 74.82 - 79.10) a tonne. The four power producers are CESC Ltd, West Bengal Power Development Corporation Ltd, Durgapur Projects Ltd and Damodar Valley Corporation.
The landed price to the producers will include 25 per cent cess and Rs 6 (US$ 0.12 ) a tonne of royalty collected by the West Bengal Government plus freight. Till the coal price hike in October, the notified price of A- and B- grade coal at pit head was Rs 1,700-1,800 (US$ 36.34 - 38.48) a tonne.
According to an industry source, the price of similar grade Australian coal (of over 6,000 Kcal/kg of gross calorific value) is approximately $65 a tonne on FOB basis. After inclusion of $25 a tonne of ocean freight cost, the landed price of similar imported coal is Rs 4,500 (US$ 96.17) a tonne at today's exchange rate.
“We are yet to devise a finer mechanism for charging import-linked price and have priced our underground production of superior coal at 15-16 per cent lower than the landed cost of imported coal.
However, we are charging the notified price (Rs 2,200-2,300 (US$ 47 - 49.15) a tonne) open cast production of A- and B-grade coal.
The weighted average of price of the coal on million Kcal basis works out to be approximately 50 per cent cheaper than the imported coal,” a CIL official said.
According to him, following introduction of import-linked price ECL's underground operations may break-even beginning this fiscal.
Apart from ECL, South Eastern Coalfields Ltd has small quantities of A- and B-grade coal reserves. However the company is yet to charge import-linked prices. (1 USD = 46.7942 INR)
Source: Business Line
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Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
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- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
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- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
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