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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, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
Tuesday, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
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- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- MS Steel International - UAE
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
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