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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
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Agrawal Coal Company - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Indika Energy - Indonesia
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