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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, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...
Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesi ...
Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...
Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...
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- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Central Electricity Authority - India
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