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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, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...
Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...
Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...
Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...
Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity.
The mismatch is something South Africa cannot afford, given i ...
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- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Electricity Authority, New Zealand
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
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