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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, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibilit ...
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- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
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