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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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- White Energy Company Limited
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
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