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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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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- PTC India Limited - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- White Energy Company Limited
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
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