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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- India Bulls Power Limited - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
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