We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
...
Monday, 10 August 09
SAIL, TATA STEEL TO REDUCE COAL IMPORTS BY PARADIP PORT
World Shipping News reported that, Steel Authority of India Ltd (SAIL) and Tata Steel have scaled down coal imports through Paradip Port, hit by pre ...
Monday, 10 August 09
NTPC LIKELY TO SET UP POWER PLANTS IN NIGERIA AND SRILANKA
Economic time reported that, National Thermal Power Corporation Limited (NTPC), country's largest power utility, is likely to set up power plants i ...
Monday, 10 August 09
VINACOMIN TO SELL COAL AT MARKET PRICES TO DOMESTIC USERS
VNBusinessNews.com - Reuters reported that Vietnamese government has agreed to let coal monopoly Vinacomin sell coal at market oriented prices to do ...
Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
|
|
|
Showing 6521 to 6525 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Ministry of Mines - Canada
|
| |
| |
|
