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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, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
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