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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Economic Council, Georgia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
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