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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, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- The University of Queensland
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- PTC India Limited - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
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