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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, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- PTC India Limited - India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Australian Coal Association
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
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