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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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Wednesday, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Eastern Coal Council - USA
- Australian Coal Association
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- The University of Queensland
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
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