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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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Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
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