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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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- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
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