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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
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