COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011


COALspot.com -  Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for thermal coal at US$ 127.05 per ton, which is 13.03 percent higher than January 2011 price of US$ 112.40.

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 February  HBA was 44.68 percent higher compared with a year earlier.

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).

Director General Mineral and Coal have declared today coal reference price for February  2011.  The declared HBA was at US$ 127.05 per ton FOB vessel up by US$ 14.65 per ton or 13.03 percent compared with January  2011 Coal reference price.

January 2011 coal reference price was at US$ 112.40  per ton.

The declared ICPR in this month was the highest since the government starts to declare ICPR ( HBA) since February 2010. The lowest HBA was declared in April last year at US$ 86.50.

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.

Click here for complete details of  Indonesian coal reference price.(cs)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...


Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017 Tehelka reported that, CESC Ltd, the fla ...


Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy Not  much  fresh  enquiry  this  week  and  quite  dead  in  Bl.Sea/Med. Nevertheless  ...


Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...


Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...


   1093 1094 1095 1096 1097   
Showing 5471 to 5475 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Mercuria Energy - Indonesia
  • Simpson Spence & Young - Indonesia
  • PetroVietnam
  • PLN Batubara - Indonesia
  • World Coal - UK
  • Core Mineral Indonesia
  • Semirara Mining Corp, Philippines
  • Infraline Energy - India
  • Trasteel International SA, Italy
  • HSBC - Hong Kong
  • Energy Link Ltd, New Zealand
  • Malabar Cements Ltd - India
  • Parry Sugars Refinery, India
  • Dalmia Cement Bharat India
  • Xstrata Coal
  • Alfred C Toepfer International GmbH - Germany
  • Gupta Coal India Ltd
  • Sojitz Corporation - Japan
  • Thomson Reuters GRC
  • Singapore Mercantile Exchange
  • Asian Development Bank
  • U S Energy Resources
  • Kaltim Prima Coal - Indonesia
  • Banpu Public Company Limited - Thailand
  • Platou - Singapore
  • SN Aboitiz Power Inc, Philippines
  • Britmindo - Indonesia
  • South Luzon Thermal Energy Corporation
  • Sical Logistics Limited - India
  • Thiess Contractors Indonesia
  • Orica Australia Pty. Ltd.
  • Sree Jayajothi Cements Limited - India
  • Indonesia Power. PT
  • Bhatia International Limited - India
  • RBS Sempra - UK
  • Aditya Birla Group - India
  • Leighton Contractors Pty Ltd - Australia
  • Iligan Light & Power Inc, Philippines
  • Coastal Gujarat Power Limited - India
  • Petron Corporation, Philippines
  • Runge Indonesia
  • Vizag Seaport Private Limited - India
  • Argus Media - Singapore
  • JPower - Japan
  • Global Business Power Corporation, Philippines
  • Siam City Cement - Thailand
  • Inspectorate - India
  • Gresik Semen - Indonesia
  • Kumho Petrochemical, South Korea
  • The State Trading Corporation of India Ltd
  • Coalindo Energy - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Malco - India
  • Attock Cement Pakistan Limited
  • Mercator Lines Limited - India
  • DBS Bank - Singapore
  • Mechel - Russia
  • Maybank - Singapore
  • Borneo Indobara - Indonesia
  • India Bulls Power Limited - India
  • Jindal Steel & Power Ltd - India
  • Freeport Indonesia
  • ASAPP Information Group - India
  • Miang Besar Coal Terminal - Indonesia
  • SASOL - South Africa
  • Sarangani Energy Corporation, Philippines
  • KPCL - India
  • Price Waterhouse Coopers - Russia
  • Wood Mackenzie - Singapore
  • Pendopo Energi Batubara - Indonesia
  • The University of Queensland
  • TeaM Sual Corporation - Philippines
  • IBC Asia (S) Pte Ltd
  • Jatenergy - Australia
  • Cardiff University - UK
  • McKinsey & Co - India
  • Enel Italy
  • Bukit Baiduri Energy - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Savvy Resources Ltd - HongKong
  • JPMorgan - India
  • Intertek Mineral Services - Indonesia
  • Permata Bank - Indonesia
  • Medco Energi Mining Internasional
  • Indian Oil Corporation Limited
  • Bayan Resources Tbk. - Indonesia
  • Cargill India Pvt Ltd
  • McConnell Dowell - Australia
  • OCBC - Singapore
  • CNBM International Corporation - China
  • LBH Netherlands Bv - Netherlands
  • Reliance Power - India
  • Idemitsu - Japan
  • globalCOAL - UK
  • Australian Coal Association
  • The Treasury - Australian Government
  • Ministry of Finance - Indonesia
  • Ministry of Mines - Canada
  • Coal and Oil Company - UAE
  • Sucofindo - Indonesia
  • IEA Clean Coal Centre - UK
  • Semirara Mining and Power Corporation, Philippines
  • Global Green Power PLC Corporation, Philippines
  • MS Steel International - UAE
  • KOWEPO - South Korea
  • Gujarat Electricity Regulatory Commission - India
  • Orica Mining Services - Indonesia
  • Power Finance Corporation Ltd., India
  • Clarksons - UK
  • Maharashtra Electricity Regulatory Commission - India
  • OPG Power Generation Pvt Ltd - India
  • Glencore India Pvt. Ltd
  • Kalimantan Lumbung Energi - Indonesia
  • Petrosea - Indonesia
  • Sakthi Sugars Limited - India
  • Baramulti Group, Indonesia
  • Ambuja Cements Ltd - India
  • EIA - United States
  • TANGEDCO India
  • Deutsche Bank - India
  • Central Java Power - Indonesia
  • San Jose City I Power Corp, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Cebu Energy, Philippines
  • Larsen & Toubro Limited - India
  • ACC Limited - India
  • ICICI Bank Limited - India
  • Metalloyd Limited - United Kingdom
  • Samsung - South Korea
  • Maruti Cements - India
  • Minerals Council of Australia
  • Lafarge - France
  • Maersk Broker
  • CoalTek, United States
  • Thriveni
  • Mitra SK Pvt Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Makmur.PT - Indonesia
  • Bulk Trading Sa - Switzerland
  • Kartika Selabumi Mining - Indonesia
  • Total Coal South Africa
  • Berau Coal - Indonesia
  • Indonesian Coal Mining Association
  • UOB Asia (HK) Ltd
  • White Energy Company Limited
  • Indian Energy Exchange, India
  • The India Cements Ltd
  • IOL Indonesia
  • SMC Global Power, Philippines
  • Geoservices-GeoAssay Lab
  • Cigading International Bulk Terminal - Indonesia
  • Bharathi Cement Corporation - India
  • APGENCO India
  • Sinarmas Energy and Mining - Indonesia
  • Mitsui
  • Krishnapatnam Port Company Ltd. - India
  • Bahari Cakrawala Sebuku - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Peabody Energy - USA
  • Carbofer General Trading SA - India
  • Edison Trading Spa - Italy
  • TNPL - India
  • Shree Cement - India
  • UBS Singapore
  • Lanco Infratech Ltd - India
  • Renaissance Capital - South Africa
  • ING Bank NV - Singapore
  • Jorong Barutama Greston.PT - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Kepco SPC Power Corporation, Philippines
  • Coal Orbis AG
  • Bangkok Bank PCL
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Vedanta Resources Plc - India
  • European Bulk Services B.V. - Netherlands
  • Indika Energy - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Central Electricity Authority - India
  • Goldman Sachs - Singapore
  • New Zealand Coal & Carbon
  • Deloitte Consulting - India
  • PTC India Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Manunggal Multi Energi - Indonesia
  • World Bank
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Bangladesh Power Developement Board
  • Tata Chemicals Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Bhushan Steel Limited - India
  • Coal India Limited
  • Siam City Cement PLC, Thailand
  • GVK Power & Infra Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Petrochimia International Co. Ltd.- Taiwan
  • Rudhra Energy - India
  • Georgia Ports Authority, United States
  • Cemex - Philippines
  • Essar Steel Hazira Ltd - India
  • Electricity Authority, New Zealand
  • Cosco
  • Rio Tinto Coal - Australia
  • ANZ Bank - Australia
  • Global Coal Blending Company Limited - Australia
  • J M Baxi & Co - India
  • Merrill Lynch Commodities Europe
  • Panama Canal Authority
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Posco Energy - South Korea
  • Agrawal Coal Company - India
  • Samtan Co., Ltd - South Korea
  • Uttam Galva Steels Limited - India
  • IMC Shipping - Singapore
  • Electricity Generating Authority of Thailand
  • Thai Mozambique Logistica
  • Makarim & Taira - Indonesia
  • GNFC Limited - India
  • GHCL Limited - India
  • Grasim Industreis Ltd - India
  • Commonwealth Bank - Australia
  • Videocon Industries ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Indorama - Singapore
  • PowerSource Philippines DevCo
  • KEPCO - South Korea
  • TRAFIGURA, South Korea
  • Fearnleys - India
  • Directorate Of Revenue Intelligence - India
  • Parliament of New Zealand
  • SUEK AG - Indonesia
  • Russian Coal LLC
  • London Commodity Brokers - England
  • Vitol - Bahrain
  • Cement Manufacturers Association - India
  • Kohat Cement Company Ltd. - Pakistan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Salva Resources Pvt Ltd - India
  • CIMB Investment Bank - Malaysia
  • WorleyParsons
  • Xindia Steels Limited - India
  • Meralco Power Generation, Philippines
  • Pinang Coal Indonesia
  • Mitsubishi Corporation
  • Holcim Trading Pte Ltd - Singapore
  • Formosa Plastics Group - Taiwan
  • Arch Coal - USA
  • Credit Suisse - India
  • Qatrana Cement - Jordan
  • Karbindo Abesyapradhi - Indoneisa
  • Port Waratah Coal Services - Australia
  • Rashtriya Ispat Nigam Limited - India
  • Barclays Capital - USA
  • Maheswari Brothers Coal Limited - India
  • NTPC Limited - India
  • Sindya Power Generating Company Private Ltd
  • Star Paper Mills Limited - India
  • Australian Commodity Traders Exchange
  • Wilmar Investment Holdings
  • Kobe Steel Ltd - Japan
  • Surastha Cement
  • Standard Chartered Bank - UAE
  • Billiton Holdings Pty Ltd - Australia
  • Gujarat Mineral Development Corp Ltd - India
  • ETA - Dubai
  • BRS Brokers - Singapore
  • Karaikal Port Pvt Ltd - India
  • SGS (Thailand) Limited
  • Oldendorff Carriers - Singapore
  • EMO - The Netherlands
  • Economic Council, Georgia
  • Planning Commission, India
  • Coeclerici Indonesia
  • Kobexindo Tractors - Indoneisa
  • bp singapore
  • Adaro Indonesia
  • Mintek Dendrill Indonesia
  • Tamil Nadu electricity Board
  • Japan Coal Energy Center
  • Aboitiz Power Corporation - Philippines
  • SMG Consultants - Indonesia
  • Tanito Harum - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Directorate General of MIneral and Coal - Indonesia
  • Platts
  • Antam Resourcindo - Indonesia
  • Riau Bara Harum - Indonesia
  • VISA Power Limited - India
  • CESC Limited - India
  • Moodys - Singapore
  • Therma Luzon, Inc, Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • Indogreen Group - Indonesia
  • Humpuss - Indonesia
  • Romanian Commodities Exchange
  • SRK Consulting
  • Ince & co LLP
  • International Coal Ventures Pvt Ltd - India
  • Meenaskhi Energy Private Limited - India
  • Inco-Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • PLN - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Thailand Anthracite
  • PNOC Exploration Corporation - Philippines
  • Binh Thuan Hamico - Vietnam
  • NALCO India
  • Noble Europe Ltd - UK
  • Eastern Energy - Thailand
  • Gujarat Sidhee Cement - India
  • Arutmin Indonesia
  • Barasentosa Lestari - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Chamber of Mines of South Africa
  • Bank of China, Malaysia
  • Vale Mozambique
  • Neyveli Lignite Corporation Ltd, - India
  • CCIC - Indonesia
  • Anglo American - United Kingdom
  • Independent Power Producers Association of India
  • Ind-Barath Power Infra Limited - India
  • Interocean Group of Companies - India
  • Heidelberg Cement - Germany
  • Ministry of Transport, Egypt
  • Tata Power - India
  • Altura Mining Limited, Indonesia
  • GMR Energy Limited - India
  • Coaltrans Conferences
  • Mjunction Services Limited - India
  • Marubeni Corporation - India
  • Jaiprakash Power Ventures ltd
  • Thermax Limited - India
  • GB Group - China
  • Bank of America
  • TGV SRAAC LIMITED, India
  • Merrill Lynch Bank
  • Asmin Koalindo Tuhup - Indonesia
  • Bhoruka Overseas - Indonesia
  • Eastern Coal Council - USA
  • BNP Paribas - Singapore
  • MEC Coal - Indonesia
  • Energy Development Corp, Philippines
  • Africa Commodities Group - South Africa
  • Timah Investasi Mineral - Indoneisa
  • Adani Power Ltd - India
  • Asia Cement - Taiwan
  • Latin American Coal - Colombia
  • Shenhua Group - China
  • Ceylon Electricity Board - Sri Lanka
  • Indian School of Mines
  • KPMG - USA
  • Madhucon Powers Ltd - India