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Thursday, 10 November 11
INDONESIAN REFERENCE COAL PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at US$ 116.65 per ton, which is 2.17percent lesser than October 2011 price.
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 contracts.
The November HBA is 22.13 percent higher compared to the same month in 2010.
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 and applicable for spot contract, delivery between 1 - 30 November 2011.
Any deliver of cargo after 30 November, must be used the particular month's HPB unless the deliveries fall under term contract.
The November HBA is a marginal drop of US$ 2.59 per ton or down 2.17 percent compared with October 2011 Coal reference price. Government has taken around 10 days to release this month HBA.
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 53coal 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 has been established to fulfill the requirement of mining law 04/2009 and the ministerial decree no.17/2010 and also aims to increase government revenue from royalties from coal producers.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Australian Coal Association
- Indian Energy Exchange, India
- Economic Council, Georgia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
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- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
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