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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
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 between 1 - 30 June 2011.
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 June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
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 54 coal types with a quality similar to the coal price markers.
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. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...
Tuesday, 01 November 11
DRY BULK MARKETS CORRECTION SPILLS OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...
Monday, 31 October 11
CHINAS HUNGER FOR INDONESIAN COAL AT THREE YEAR-HIGH AS WINTER NEARS - JOSEPH KIRSCHKE
COALspot.com - Chinese demand for power-station coal from Indonesia has soared to its highest level in three years, as central heating plants and po ...
Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 mill ...
Saturday, 29 October 11
INDONESIA TO INDIA FREIGHT LIKELY TO REMAIN SOFT
COALspot.com - The market continued to slow down and all segment were down this week.
The biggest drop was in the Cape Index down by 8.19 pct&nbs ...
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Showing 5001 to 5005 news of total 6871 |
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- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
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