We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
|
|
|
Showing 5881 to 5885 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Coal Association
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
|
| |
| |
|
