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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, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to incre ...
Wednesday, 08 June 11
BAYAN TO DISTRIBUTE RP. 80 ( APPROX. US$ 0.00939850) PER SHARE DIVIDEND
Coal miner PT Bayan Resources Tbk (BYAN), that is controlled by business Dato' Low Tuck Kwong, will distribute Rp80 a share dividend or Rp266.7 bil ...
Wednesday, 08 June 11
CBM PRODUCTION FROM AUSTRALIA, CHINA, INDIA, AND INDONESIA IS EXPECTED TO WITNESS A SIGNIFICANT INCREASE BY 2015
Press Release - According to Global Data (December 2010), CBM production in Australia, China, India, and Indonesia is expected to witness a signific ...
Sunday, 05 June 11
COAL IMPORTS BY CHINA IS LIKELY TO INCREASE - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week except for the BDI and Cape index was up, but even in these sectors the momentum was compared t ...
Friday, 03 June 11
DRY BULK MARKETS RESURGENCE APPEARS TO BE LOSING SOME STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s seems to be losing some steam, despite reports of growing Chinese demand for commodities, especially coal, on the back o ...
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- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- PTC India Limited - India
- Planning Commission, India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- ASAPP Information Group - India
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