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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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Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
Friday, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off lo ...
Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...
Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...
Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...
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- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Parliament of New Zealand
- Economic Council, Georgia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- White Energy Company Limited
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
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