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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, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
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- Indo Tambangraya Megah - Indonesia
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- Planning Commission, India
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- Directorate Of Revenue Intelligence - India
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- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
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- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
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- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- MS Steel International - UAE
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
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- Videocon Industries ltd - India
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- The University of Queensland
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Australian Coal Association
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
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