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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, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- VISA Power Limited - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
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