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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, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...
Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week.
...
Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons ...
Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal.
Jakarta-based Emanuele ...
Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
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Showing 6461 to 6465 news of total 6871 |
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- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
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