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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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Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- PTC India Limited - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Interocean Group of Companies - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
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