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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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Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
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