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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, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Australian Coal Association
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
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