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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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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- The University of Queensland
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
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