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

Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft. The BDI was dow ...


Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...


Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...


Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association. ...


Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...


   1118 1119 1120 1121 1122   
Showing 5596 to 5600 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 ...

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