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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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Saturday, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal compan ...
Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal ...
Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
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- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
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