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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, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
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