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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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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Planning Commission, India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
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