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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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Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
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- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
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