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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, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
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- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
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