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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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Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
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