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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, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- PTC India Limited - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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