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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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Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
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- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Australian Coal Association
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
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