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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, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL
ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power ...
Wednesday, 15 July 09
INDIAN COAL MINISTRY TO CONSIDER POWER PLANT ALTERATION PROPOSALS
PTI reported that the coal ministry has agreed to consider applications of power plants seeking long term coal linkage due to enhancement in electri ...
Wednesday, 15 July 09
SHENHUA STARTS WORK ON INDONESIA POWER PLANT
Bloomberg reported that China Shenhua Guohau Power a unit of China’s biggest coal producer started construction of a power plant and mine in I ...
Wednesday, 15 July 09
PLN OPENS TENDERS FOR SUPPLY OF LOW - GRADE COAL
The Jakarta Globe, a Indonesian new paper reported that, State power utility PT PLN has opened a tender for the supply of low-grade coal for the nat ...
Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
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- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
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- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- McConnell Dowell - Australia
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- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
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- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
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- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
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- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
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- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Parliament of New Zealand
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
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- Planning Commission, India
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