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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, 01 June 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.02 PCT - XINHUA
China Taiyuan coal transaction price index stood at 160.06 points Monday, down 0.02 percent week on week.
The index, released by Chi ...
Tuesday, 01 June 21
BUMA PRODUCED 11.4 MILLION TONNES OF COAL IN 4Q 2020, 5% LOWER COMPARED TO 12.2 MILLION TONNES IN 4Q 2019
PT Delta Dunia Makmur Tbk. presents its newsletter with consolidated financial and operating results that include its primary and wholly-owne ...
Sunday, 30 May 21
PAKISTAN IS PLANNING TO END COAL IMPORTS, WORSENING OUTLOOK FOR SOUTH AFRICAN COAL - IEEFA
The growing and irreversible risks being faced by South African coal exporters
As Thungela Resources’ CEO attempts to talk up ...
Sunday, 30 May 21
G7 COAL FINANCE EXIT AND WHY IT MATTERS FOR INDIA - IEEFA
While India doesn’t rely on export credit finance to fund new coal plants, there are material implications
The commitment by the Group o ...
Saturday, 29 May 21
SKULD’S IMO 2020 SULPHUR CAP EXPERIENCE
More than a year has passed since the International Maritime Organization (IMO) mandate for the 0.50% sulphur cap for marine fuel (MARPOL Annex VI) ...
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- Vijayanagar Sugar Pvt Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
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- Indonesian Coal Mining Association
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- The University of Queensland
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- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
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- Cigading International Bulk Terminal - Indonesia
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