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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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Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
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- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Australian Coal Association
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
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