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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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Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
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- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
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- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
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- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
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- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Deloitte Consulting - India
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- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Planning Commission, India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Ministry of Mines - Canada
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
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- White Energy Company Limited
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- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Marubeni Corporation - India
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- Bhoruka Overseas - Indonesia
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