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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, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
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