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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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Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
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- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
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