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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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Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
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- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
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