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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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Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
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- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- The University of Queensland
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
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