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Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.43 per ton, which is 3.63 percent lesser than February 2011 price of US$ 127.05.
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 March HBA was 41.30 percent higher Y-o-Y.
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 yesterday coal reference price for March 2011 and also Introduced two new coal brands. The declared HBA was at US$ 122.43 per ton FOB vessel drops by US$ 4.62 per ton or 3.63 percent compared with February 2011 Coal reference price.
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February 2011 coal reference price was at US$ 127.05 per ton.
The declared ICPR in this month is dropped by US$ 4.62 per mt and first dropped in last five months.
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 53 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) (updated 09/03/11 19:03)
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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
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