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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, 14 September 11
GOVT SETS SEPTEMBER COAL REFERENCE PRICE AT $116.26 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the September 2011 coal reference price at US$ 116.26 per ton slightly ...
Tuesday, 13 September 11
CAPITAL COSTS OF INDIAN COAL MINING PROJECT - AN ANALYST VIEW
By Mr Dipesh Dipu, Director - Consulting (Mining), Deloitte Touche Tohmatsu India Private Limited
The coal mining sector that has been opened par ...
Tuesday, 13 September 11
INDONESIAS COAL SECTOR EYES 2012 BOOM - JG
The Jakarta Globe, Indonesian English language News paper reported that, Coal production is set to surge next year as coal miners bolster their busi ...
Tuesday, 13 September 11
DRY BULK RALLY MAINTAINS MOMENTUM AT START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum at the start of the week, as the industry’s benchmark, the Baltic Dry Index (BDI) was up by 2.07% ...
Monday, 12 September 11
INDONESIAN GOVERNMENT HAS ALLOCATED MORE COAL FOR 2012
COALspot.com - Indonesian government has increased the domestic market obligation allocation to 82.07 million tons of coal for 2012, which is 4 perc ...
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- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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