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Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal coal at US$ 112.40 per ton. The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term coal sales contracts.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month. Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis spot contract. (supply within 12 months).
The declared coal reference price for January 2011 is US$ 112.40 per ton FOB vessel up by US$ 8.99 per ton or 8.69 percent compared to December 2010 Coal reference price. December 2010 coal reference price was at US$ 103.41 per ton.
The declared ICPR in this month was the highest since the government starts to declare ICPR ( HBA) price from February 2010. The lowest HBA was declared in April last year.
Government also declaring reference price for eight brands of Indonesia coal which are most commonly traded in the market. The price marker is used to calculate other 52 coal types with a quality similar to the coal price markers.
For term sales of above one year, the average of coal reference price for the last three months is used to set coal prices for a one-year contract.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. (Updated News)
Click here for complete details of Indonesian coal reference price(cs)
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- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
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- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Planning Commission, India
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- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
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- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
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- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
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- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
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- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
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- Star Paper Mills Limited - India
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- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
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- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
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- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
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- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
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- TeaM Sual Corporation - Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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