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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, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
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