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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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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- The University of Queensland
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
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