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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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Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- The University of Queensland
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
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