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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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Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...
Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...
Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...
Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...
Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
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- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- White Energy Company Limited
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
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