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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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Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
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- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Australian Coal Association
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
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