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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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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
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- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
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- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
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- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- The University of Queensland
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- LBH Netherlands Bv - Netherlands
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- Central Electricity Authority - India
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- Romanian Commodities Exchange
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- Singapore Mercantile Exchange
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- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Cement Manufacturers Association - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
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- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
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- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
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- Medco Energi Mining Internasional
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- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
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- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
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- Thiess Contractors Indonesia
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- Bulk Trading Sa - Switzerland
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- Eastern Energy - Thailand
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