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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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Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
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- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
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