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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
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Eco ...
Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply c ...
Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness ...
Saturday, 04 July 09
CHINA BUYS 17% OF MINER TECK RESOURCES FOR $1.5 BILLION
* To sell 17.2 percent stake to China Investment Corp
* To raise proceeds of C$1.74 bln
* Shares rise 3.2 percent (Adds details. In U.S. dol ...
Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
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- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
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