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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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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Australian Coal Association
- Mercator Lines Limited - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- The University of Queensland
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
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