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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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Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
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