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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, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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