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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, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
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- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- White Energy Company Limited
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