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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
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