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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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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- PTC India Limited - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
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