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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, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- The University of Queensland
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- White Energy Company Limited
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Planning Commission, India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
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