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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, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
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- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Economic Council, Georgia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Planning Commission, India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- The University of Queensland
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
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