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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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Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
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- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Australian Coal Association
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- SMC Global Power, Philippines
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
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- Parry Sugars Refinery, India
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- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
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- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
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