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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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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Planning Commission, India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Australian Coal Association
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
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