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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, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
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- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
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