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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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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- The University of Queensland
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
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