COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...


Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/-  5 percent of non-coking imported coal with ...


Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...


Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...


Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...


   1020 1021 1022 1023 1024   
Showing 5106 to 5110 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Parry Sugars Refinery, India
  • Samtan Co., Ltd - South Korea
  • Malco - India
  • Cargill India Pvt Ltd
  • Mitsubishi Corporation
  • Sakthi Sugars Limited - India
  • IMC Shipping - Singapore
  • Grasim Industreis Ltd - India
  • Asia Cement - Taiwan
  • Electricity Generating Authority of Thailand
  • Asian Development Bank
  • Ind-Barath Power Infra Limited - India
  • MEC Coal - Indonesia
  • Latin American Coal - Colombia
  • Coaltrans Conferences
  • Vitol - Bahrain
  • Semirara Mining and Power Corporation, Philippines
  • KPMG - USA
  • Geoservices-GeoAssay Lab
  • The State Trading Corporation of India Ltd
  • Core Mineral Indonesia
  • OCBC - Singapore
  • Siam City Cement - Thailand
  • Kumho Petrochemical, South Korea
  • Port Waratah Coal Services - Australia
  • Mitra SK Pvt Ltd - India
  • Mercuria Energy - Indonesia
  • Moodys - Singapore
  • Central Java Power - Indonesia
  • CESC Limited - India
  • CoalTek, United States
  • Clarksons - UK
  • Krishnapatnam Port Company Ltd. - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • PTC India Limited - India
  • TNPL - India
  • Sree Jayajothi Cements Limited - India
  • Indian School of Mines
  • Inspectorate - India
  • CCIC - Indonesia
  • Freeport Indonesia
  • Planning Commission, India
  • Merrill Lynch Commodities Europe
  • globalCOAL - UK
  • Kohat Cement Company Ltd. - Pakistan
  • TGV SRAAC LIMITED, India
  • Chettinad Cement Corporation Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • APGENCO India
  • Goldman Sachs - Singapore
  • Commonwealth Bank - Australia
  • SRK Consulting
  • Toyota Tsusho Corporation, Japan
  • Cement Manufacturers Association - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Agrawal Coal Company - India
  • Riau Bara Harum - Indonesia
  • Vale Mozambique
  • Mechel - Russia
  • ASAPP Information Group - India
  • Heidelberg Cement - Germany
  • SGS (Thailand) Limited
  • Thriveni
  • Coal and Oil Company - UAE
  • Petron Corporation, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Siam City Cement PLC, Thailand
  • Orica Mining Services - Indonesia
  • Antam Resourcindo - Indonesia
  • Qatrana Cement - Jordan
  • Maybank - Singapore
  • Aboitiz Power Corporation - Philippines
  • Carbofer General Trading SA - India
  • Karaikal Port Pvt Ltd - India
  • BNP Paribas - Singapore
  • NTPC Limited - India
  • TRAFIGURA, South Korea
  • The University of Queensland
  • Cebu Energy, Philippines
  • Parliament of New Zealand
  • Coeclerici Indonesia
  • Energy Link Ltd, New Zealand
  • Lafarge - France
  • Kobe Steel Ltd - Japan
  • TANGEDCO India
  • Tanito Harum - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Bank of China, Malaysia
  • Chamber of Mines of South Africa
  • Semirara Mining Corp, Philippines
  • SUEK AG - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Gupta Coal India Ltd
  • Ministry of Finance - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Gujarat Sidhee Cement - India
  • GAC Shipping (India) Pvt Ltd
  • Mjunction Services Limited - India
  • Price Waterhouse Coopers - Russia
  • Arch Coal - USA
  • Fearnleys - India
  • Shenhua Group - China
  • LBH Netherlands Bv - Netherlands
  • IEA Clean Coal Centre - UK
  • Bukit Asam (Persero) Tbk - Indonesia
  • Arutmin Indonesia
  • Makarim & Taira - Indonesia
  • Pinang Coal Indonesia
  • Energy Development Corp, Philippines
  • Adaro Indonesia
  • Singapore Mercantile Exchange
  • Rio Tinto Coal - Australia
  • Sinarmas Energy and Mining - Indonesia
  • Borneo Indobara - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • HSBC - Hong Kong
  • Medco Energi Mining Internasional
  • U S Energy Resources
  • Vijayanagar Sugar Pvt Ltd - India
  • Bharathi Cement Corporation - India
  • Kaltim Prima Coal - Indonesia
  • Global Business Power Corporation, Philippines
  • Sucofindo - Indonesia
  • VISA Power Limited - India
  • Infraline Energy - India
  • Electricity Authority, New Zealand
  • Sindya Power Generating Company Private Ltd
  • Ince & co LLP
  • Kepco SPC Power Corporation, Philippines
  • Indika Energy - Indonesia
  • Bulk Trading Sa - Switzerland
  • Bangkok Bank PCL
  • Panama Canal Authority
  • ICICI Bank Limited - India
  • Xindia Steels Limited - India
  • Malabar Cements Ltd - India
  • Uttam Galva Steels Limited - India
  • Inco-Indonesia
  • Simpson Spence & Young - Indonesia
  • EMO - The Netherlands
  • KPCL - India
  • Banpu Public Company Limited - Thailand
  • Posco Energy - South Korea
  • Mercator Lines Limited - India
  • Cosco
  • Bank of America
  • Madhucon Powers Ltd - India
  • Cemex - Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Mintek Dendrill Indonesia
  • Tata Power - India
  • GMR Energy Limited - India
  • SASOL - South Africa
  • India Bulls Power Limited - India
  • Straits Asia Resources Limited - Singapore
  • Attock Cement Pakistan Limited
  • GVK Power & Infra Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • TeaM Sual Corporation - Philippines
  • PetroVietnam
  • Binh Thuan Hamico - Vietnam
  • Orica Australia Pty. Ltd.
  • Renaissance Capital - South Africa
  • Merrill Lynch Bank
  • Gujarat Electricity Regulatory Commission - India
  • NALCO India
  • ANZ Bank - Australia
  • PetroVietnam Power Coal Import and Supply Company
  • Shree Cement - India
  • Barclays Capital - USA
  • SMC Global Power, Philippines
  • Berau Coal - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • The Treasury - Australian Government
  • Samsung - South Korea
  • Holcim Trading Pte Ltd - Singapore
  • Indonesian Coal Mining Association
  • MS Steel International - UAE
  • Indonesia Power. PT
  • Maharashtra Electricity Regulatory Commission - India
  • Japan Coal Energy Center
  • Petrosea - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Intertek Mineral Services - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Anglo American - United Kingdom
  • Wood Mackenzie - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • Adani Power Ltd - India
  • Tamil Nadu electricity Board
  • JPower - Japan
  • Edison Trading Spa - Italy
  • Indogreen Group - Indonesia
  • Bhushan Steel Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Platou - Singapore
  • Oldendorff Carriers - Singapore
  • Ministry of Transport, Egypt
  • EIA - United States
  • PLN Batubara - Indonesia
  • Coalindo Energy - Indonesia
  • Jatenergy - Australia
  • Directorate General of MIneral and Coal - Indonesia
  • IBC Asia (S) Pte Ltd
  • Global Coal Blending Company Limited - Australia
  • McConnell Dowell - Australia
  • J M Baxi & Co - India
  • Kideco Jaya Agung - Indonesia
  • KEPCO - South Korea
  • Sojitz Corporation - Japan
  • Star Paper Mills Limited - India
  • Australian Coal Association
  • International Coal Ventures Pvt Ltd - India
  • Argus Media - Singapore
  • Africa Commodities Group - South Africa
  • Barasentosa Lestari - Indonesia
  • Glencore India Pvt. Ltd
  • Maheswari Brothers Coal Limited - India
  • Power Finance Corporation Ltd., India
  • Gujarat Mineral Development Corp Ltd - India
  • Deutsche Bank - India
  • World Bank
  • Maersk Broker
  • PNOC Exploration Corporation - Philippines
  • Independent Power Producers Association of India
  • Essar Steel Hazira Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • World Coal - UK
  • CNBM International Corporation - China
  • Thai Mozambique Logistica
  • Australian Commodity Traders Exchange
  • Maruti Cements - India
  • GN Power Mariveles Coal Plant, Philippines
  • Aditya Birla Group - India
  • Sical Logistics Limited - India
  • Thermax Limited - India
  • Therma Luzon, Inc, Philippines
  • Platts
  • European Bulk Services B.V. - Netherlands
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Vizag Seaport Private Limited - India
  • Savvy Resources Ltd - HongKong
  • Permata Bank - Indonesia
  • Romanian Commodities Exchange
  • Bangladesh Power Developement Board
  • Altura Mining Limited, Indonesia
  • SMG Consultants - Indonesia
  • The India Cements Ltd
  • Bukit Makmur.PT - Indonesia
  • South Luzon Thermal Energy Corporation
  • Coal Orbis AG
  • Globalindo Alam Lestari - Indonesia
  • Reliance Power - India
  • Georgia Ports Authority, United States
  • PLN - Indonesia
  • Formosa Plastics Group - Taiwan
  • Sarangani Energy Corporation, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Larsen & Toubro Limited - India
  • Wilmar Investment Holdings
  • Ambuja Cements Ltd - India
  • Marubeni Corporation - India
  • Dalmia Cement Bharat India
  • Eastern Coal Council - USA
  • Interocean Group of Companies - India
  • Meenaskhi Energy Private Limited - India
  • McKinsey & Co - India
  • Economic Council, Georgia
  • Vedanta Resources Plc - India
  • Thiess Contractors Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • SN Aboitiz Power Inc, Philippines
  • Meralco Power Generation, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • UOB Asia (HK) Ltd
  • Coal India Limited
  • BRS Brokers - Singapore
  • Central Electricity Authority - India
  • Indian Energy Exchange, India
  • Xstrata Coal
  • Indian Oil Corporation Limited
  • Enel Italy
  • Peabody Energy - USA
  • GHCL Limited - India
  • Jindal Steel & Power Ltd - India
  • Deloitte Consulting - India
  • DBS Bank - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • IOL Indonesia
  • Britmindo - Indonesia
  • Indorama - Singapore
  • Metalloyd Limited - United Kingdom
  • Thomson Reuters GRC
  • Salva Resources Pvt Ltd - India
  • GB Group - China
  • Ernst & Young Pvt. Ltd.
  • UBS Singapore
  • Kobexindo Tractors - Indoneisa
  • CIMB Investment Bank - Malaysia
  • GNFC Limited - India
  • Lanco Infratech Ltd - India
  • bp singapore
  • Bhoruka Overseas - Indonesia
  • London Commodity Brokers - England
  • ING Bank NV - Singapore
  • Humpuss - Indonesia
  • PowerSource Philippines DevCo
  • Thailand Anthracite
  • Mitsui
  • Standard Chartered Bank - UAE
  • Ceylon Electricity Board - Sri Lanka
  • Cardiff University - UK
  • Gresik Semen - Indonesia
  • Baramulti Group, Indonesia
  • New Zealand Coal & Carbon
  • Timah Investasi Mineral - Indoneisa
  • Ministry of Mines - Canada
  • JPMorgan - India
  • Idemitsu - Japan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ETA - Dubai
  • Jorong Barutama Greston.PT - Indonesia
  • Credit Suisse - India
  • Tata Chemicals Ltd - India
  • White Energy Company Limited
  • Leighton Contractors Pty Ltd - Australia
  • Manunggal Multi Energi - Indonesia
  • Russian Coal LLC
  • Jaiprakash Power Ventures ltd
  • RBS Sempra - UK
  • Videocon Industries ltd - India
  • KOWEPO - South Korea
  • Runge Indonesia
  • Rudhra Energy - India
  • WorleyParsons
  • Bhatia International Limited - India
  • San Jose City I Power Corp, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Coastal Gujarat Power Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Minerals Council of Australia
  • Surastha Cement
  • Trasteel International SA, Italy
  • Noble Europe Ltd - UK
  • Eastern Energy - Thailand
  • Directorate Of Revenue Intelligence - India
  • Total Coal South Africa
  • ACC Limited - India