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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, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
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- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- GMR Energy Limited - India
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- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Australian Coal Association
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Planning Commission, India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
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- Thiess Contractors Indonesia
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- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- MS Steel International - UAE
- Minerals Council of Australia
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- Directorate Of Revenue Intelligence - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
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- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
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- Romanian Commodities Exchange
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- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
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