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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0.79 lesser than June 2011 Price.
This coal benchmark price was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
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% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 July 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.33 percent higher Y-o-Y.
The price was only valid for spot price, while as for term price, the average referance price (HPB) of the previous 3 months.(50% of last month HPB, 30% of a month earlier HPB and 20% of two months earlier HPB) for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
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. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian government also drafting a regulation to ban coal with calorific value below 5100 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crishing, blending and upgrading to have higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
Indonesian physical coal prices also seem to be soft this week due to less demand from chinese buyers. Coal miner PT Bayan Resources Tbk, has recently entered into a conditional sales and purchase agreement to supply 100 million metric tons of low sulphur coal for 15 years commencing on 2015 to an Indian company.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Planning Commission, India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
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