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, 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)



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

Recent News

Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining  has received a number of specific proposals to fund and develop its massive East Kutai coa ...


Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...


Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct. However towards end ...


Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...


Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...


   1073 1074 1075 1076 1077   
Showing 5371 to 5375 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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