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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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Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
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- Minerals Council of Australia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
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