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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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Sunday, 18 September 11
THE COAL IMPORTS TO INDIA, OUT OF INDONESIA LIKELY TO PICK UP - CAPT. REDDY
COALspot.com - The freight market continued the upward trend until midweek almost touching 2,000 points, however towards second half of the week the ...
Saturday, 17 September 11
GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE FOR US$ 1.26 BILLION
COALspot.com - GVK group, India’s leading infrastructure developer,confirmed arrangements for the acquisition of a strategic part of large, hi ...
Saturday, 17 September 11
INDIA'S GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE PROJECTS IN AUSTRALIA
COALspot.com - GVK group, India’s leading infrastructure developer, today confirmed arrangements for the acquisition of a strategic part of la ...
Friday, 16 September 11
DELTA DUNIA MAKMUR REMOVED 30.9 MILLION BCM OVERBURDEN IN AUGUST 2011
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 30.9 million bcm (+13.2% YoY) overburden in August 2011 while coal production was at 2.9 ...
Thursday, 15 September 11
RUSSIAN COAL EXPORTS UP 10.9% IN JAN-AUG TO 71.50 MILLION TONS - PORT NEWS / HELLENIC SHIPPING
Port News reported that, Coal exports from Russia in January-August 2011 grew by 10.9% compared with the same period last year, to 71.50 million ton ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
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