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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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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
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