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Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.02 per ton, which was 0.33 percent lesser than March 2011 price of US$ 122.43.
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 April HBA was 41.06 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 and applicable for spot contract, delivery within 1 - 30 April 2011. Any deliver of cargo after 30 April, must be used May 2011 HPB unless the deliveries fall under term contract.
Director General Mineral and Coal have declared today coal reference price for April 2011. The declared HBA was at US$ 122.02 per ton FOB vessel a marginal drop of US$ 0.41 per ton or down 0.33 percent compared with March 2011 Coal reference price. Government has taken around eighteen days to release April HBA and also done some significant changes in formulas to determine coal prices for Indonesian coals.
March 2011 coal reference price was at US$ 122.43 per ton.
The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the second continues drop since March 2011.
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 53 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and transshipment costs from the barge to the 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 prices since Feb 2010.(cs)
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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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- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
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