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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, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
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