COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 18 March 09
MANILA'S NAPOCOR SAYS BIDDING FOR 100,000T COAL FAILS - REUTERS
Top Philippine electricityproducer National Power Corp (Napocor) was unable to secure 100,000 tonnes of local coal for one of its power plantsfollow ...


Wednesday, 18 March 09
INDONESIA'S PLN APPOINTS KPC TO SUPPLY COAL - REUTERS
State electricity firm Perusahaan Listrik Negara (PLN) appointed PT Kaltim Prima Coal to supply 1 million tonnes of coal per annum to Tanjung Jati B ...


Monday, 16 March 09
TATA POWER HAS NO PLAN TO SELL STAKE IN INDONESIA BUMI MINES - BLOOMBERG
Tata Power Co., India’s biggest electricity generator outside state control, said it has “no intention” to sell its stake in two I ...


Monday, 16 March 09
ANTAM SELECTS PARTNERS FOR POMALAA POWER PLANT - THE JAKARTA POST
PT Aneka Tambang Tbk, Indonesia’s second-largest nickel producer, said it intended to develop a $300 million coal-fired plant in Pomalaa, Sout ...


Monday, 16 March 09
ADARO TO BOLSTER SUPPLY CHAIN THROUGH ACQUISITIONS - THE JAKARTA POST
PT Adaro Energy Tbk, Indonesia's second-largest coal producer, plans to acquire a coal barging and transshipment company to improve its supply chai ...


   1366 1367 1368 1369 1370   
Showing 6836 to 6840 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Thriveni
  • The State Trading Corporation of India Ltd
  • Ind-Barath Power Infra Limited - India
  • Central Electricity Authority - India
  • Directorate Of Revenue Intelligence - India
  • Economic Council, Georgia
  • TeaM Sual Corporation - Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Billiton Holdings Pty Ltd - Australia
  • Berau Coal - Indonesia
  • Tata Power - India
  • Pendopo Energi Batubara - Indonesia
  • Meenaskhi Energy Private Limited - India
  • European Bulk Services B.V. - Netherlands
  • Attock Cement Pakistan Limited
  • London Commodity Brokers - England
  • Indika Energy - Indonesia
  • Jatenergy - Australia
  • Orica Mining Services - Indonesia
  • Grasim Industreis Ltd - India
  • Mercator Lines Limited - India
  • Barclays Capital - USA
  • San Jose City I Power Corp, Philippines
  • Maharashtra Electricity Regulatory Commission - India
  • Ministry of Mines - Canada
  • Borneo Indobara - Indonesia
  • Coalindo Energy - Indonesia
  • bp singapore
  • Bank of America
  • GHCL Limited - India
  • Dalmia Cement Bharat India
  • Merrill Lynch Bank
  • SASOL - South Africa
  • Samtan Co., Ltd - South Korea
  • Mjunction Services Limited - India
  • The India Cements Ltd
  • Price Waterhouse Coopers - Russia
  • Siam City Cement - Thailand
  • Vale Mozambique
  • Tata Chemicals Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • Lafarge - France
  • Reliance Power - India
  • Arutmin Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Leighton Contractors Pty Ltd - Australia
  • Thailand Anthracite
  • Holcim Trading Pte Ltd - Singapore
  • Samsung - South Korea
  • IBC Asia (S) Pte Ltd
  • Noble Europe Ltd - UK
  • KPCL - India
  • Goldman Sachs - Singapore
  • Latin American Coal - Colombia
  • Semirara Mining Corp, Philippines
  • Star Paper Mills Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Minerals Council of Australia
  • Riau Bara Harum - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Indian Oil Corporation Limited
  • Bayan Resources Tbk. - Indonesia
  • SGS (Thailand) Limited
  • Oldendorff Carriers - Singapore
  • SMC Global Power, Philippines
  • UBS Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Cement Manufacturers Association - India
  • Global Business Power Corporation, Philippines
  • EMO - The Netherlands
  • Inco-Indonesia
  • Argus Media - Singapore
  • Heidelberg Cement - Germany
  • Vedanta Resources Plc - India
  • PNOC Exploration Corporation - Philippines
  • ETA - Dubai
  • IOL Indonesia
  • Bukit Makmur.PT - Indonesia
  • Vizag Seaport Private Limited - India
  • GNFC Limited - India
  • Australian Commodity Traders Exchange
  • Asia Cement - Taiwan
  • The University of Queensland
  • Bhoruka Overseas - Indonesia
  • Thai Mozambique Logistica
  • Lanco Infratech Ltd - India
  • Chamber of Mines of South Africa
  • Maybank - Singapore
  • Independent Power Producers Association of India
  • Kalimantan Lumbung Energi - Indonesia
  • Planning Commission, India
  • Central Java Power - Indonesia
  • Marubeni Corporation - India
  • CESC Limited - India
  • Core Mineral Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Singapore Mercantile Exchange
  • Bhatia International Limited - India
  • Kumho Petrochemical, South Korea
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • KEPCO - South Korea
  • Maheswari Brothers Coal Limited - India
  • Petrosea - Indonesia
  • TRAFIGURA, South Korea
  • Tamil Nadu electricity Board
  • Infraline Energy - India
  • Coal Orbis AG
  • Trasteel International SA, Italy
  • Meralco Power Generation, Philippines
  • Inspectorate - India
  • Credit Suisse - India
  • Mitra SK Pvt Ltd - India
  • Bhushan Steel Limited - India
  • PTC India Limited - India
  • TGV SRAAC LIMITED, India
  • Gujarat Sidhee Cement - India
  • ASAPP Information Group - India
  • Malabar Cements Ltd - India
  • TNPL - India
  • Sakthi Sugars Limited - India
  • Ministry of Transport, Egypt
  • Iligan Light & Power Inc, Philippines
  • McConnell Dowell - Australia
  • Orica Australia Pty. Ltd.
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Bulk Trading Sa - Switzerland
  • Manunggal Multi Energi - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Toyota Tsusho Corporation, Japan
  • Indogreen Group - Indonesia
  • McKinsey & Co - India
  • Adani Power Ltd - India
  • Cebu Energy, Philippines
  • CNBM International Corporation - China
  • Mitsui
  • Simpson Spence & Young - Indonesia
  • Electricity Generating Authority of Thailand
  • Eastern Coal Council - USA
  • Coaltrans Conferences
  • AsiaOL BioFuels Corp., Philippines
  • Runge Indonesia
  • Indonesian Coal Mining Association
  • Japan Coal Energy Center
  • KPMG - USA
  • Xstrata Coal
  • SRK Consulting
  • Tanito Harum - Indonesia
  • RBS Sempra - UK
  • GB Group - China
  • Straits Asia Resources Limited - Singapore
  • PLN - Indonesia
  • Coeclerici Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Clarksons - UK
  • Mercuria Energy - Indonesia
  • Humpuss - Indonesia
  • Gresik Semen - Indonesia
  • OCBC - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Panama Canal Authority
  • Antam Resourcindo - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Standard Chartered Bank - UAE
  • Vitol - Bahrain
  • Africa Commodities Group - South Africa
  • Freeport Indonesia
  • ICICI Bank Limited - India
  • Permata Bank - Indonesia
  • Deloitte Consulting - India
  • White Energy Company Limited
  • Indonesia Power. PT
  • VISA Power Limited - India
  • MS Steel International - UAE
  • CCIC - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • ANZ Bank - Australia
  • Indian Energy Exchange, India
  • Posco Energy - South Korea
  • IHS Mccloskey Coal Group - USA
  • Wood Mackenzie - Singapore
  • Indo Tambangraya Megah - Indonesia
  • JPower - Japan
  • Chettinad Cement Corporation Ltd - India
  • Banpu Public Company Limited - Thailand
  • The Treasury - Australian Government
  • Karaikal Port Pvt Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Mechel - Russia
  • Kaltim Prima Coal - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Aditya Birla Group - India
  • Petrochimia International Co. Ltd.- Taiwan
  • PLN Batubara - Indonesia
  • Coal and Oil Company - UAE
  • Shree Cement - India
  • Aboitiz Power Corporation - Philippines
  • Coal India Limited
  • Indian School of Mines
  • Altura Mining Limited, Indonesia
  • Qatrana Cement - Jordan
  • Glencore India Pvt. Ltd
  • Sree Jayajothi Cements Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • PetroVietnam
  • Binh Thuan Hamico - Vietnam
  • Sucofindo - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Moodys - Singapore
  • Arch Coal - USA
  • MEC Coal - Indonesia
  • Cosco
  • Agrawal Coal Company - India
  • IEA Clean Coal Centre - UK
  • Jaiprakash Power Ventures ltd
  • Kepco SPC Power Corporation, Philippines
  • GMR Energy Limited - India
  • WorleyParsons
  • Globalindo Alam Lestari - Indonesia
  • SUEK AG - Indonesia
  • Makarim & Taira - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Kideco Jaya Agung - Indonesia
  • Rio Tinto Coal - Australia
  • Power Finance Corporation Ltd., India
  • World Coal - UK
  • Baramulti Group, Indonesia
  • Uttam Galva Steels Limited - India
  • Siam City Cement PLC, Thailand
  • Semirara Mining and Power Corporation, Philippines
  • NALCO India
  • Mitsubishi Corporation
  • Energy Development Corp, Philippines
  • Ministry of Finance - Indonesia
  • Ambuja Cements Ltd - India
  • Rudhra Energy - India
  • Total Coal South Africa
  • Malco - India
  • Sojitz Corporation - Japan
  • Maruti Cements - India
  • Cigading International Bulk Terminal - Indonesia
  • Formosa Plastics Group - Taiwan
  • Romanian Commodities Exchange
  • Sinarmas Energy and Mining - Indonesia
  • Bharathi Cement Corporation - India
  • Shenhua Group - China
  • UOB Asia (HK) Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • APGENCO India
  • Edison Trading Spa - Italy
  • Kartika Selabumi Mining - Indonesia
  • Commonwealth Bank - Australia
  • Bank of China, Malaysia
  • Sarangani Energy Corporation, Philippines
  • Larsen & Toubro Limited - India
  • Renaissance Capital - South Africa
  • Adaro Indonesia
  • Cardiff University - UK
  • Energy Link Ltd, New Zealand
  • India Bulls Power Limited - India
  • Indorama - Singapore
  • U S Energy Resources
  • Petron Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Savvy Resources Ltd - HongKong
  • Ince & co LLP
  • Pinang Coal Indonesia
  • DBS Bank - Singapore
  • ING Bank NV - Singapore
  • Parry Sugars Refinery, India
  • Metalloyd Limited - United Kingdom
  • Australian Coal Association
  • Platou - Singapore
  • Essar Steel Hazira Ltd - India
  • Idemitsu - Japan
  • Gupta Coal India Ltd
  • Xindia Steels Limited - India
  • KOWEPO - South Korea
  • Coastal Gujarat Power Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Carbofer General Trading SA - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • BNP Paribas - Singapore
  • Jorong Barutama Greston.PT - Indonesia
  • Geoservices-GeoAssay Lab
  • Electricity Authority, New Zealand
  • Fearnleys - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Anglo American - United Kingdom
  • Merrill Lynch Commodities Europe
  • Georgia Ports Authority, United States
  • Bahari Cakrawala Sebuku - Indonesia
  • globalCOAL - UK
  • Miang Besar Coal Terminal - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Bangkok Bank PCL
  • Sindya Power Generating Company Private Ltd
  • Rashtriya Ispat Nigam Limited - India
  • TANGEDCO India
  • Thermax Limited - India
  • South Luzon Thermal Energy Corporation
  • Kobe Steel Ltd - Japan
  • Salva Resources Pvt Ltd - India
  • LBH Netherlands Bv - Netherlands
  • Parliament of New Zealand
  • Alfred C Toepfer International GmbH - Germany
  • Russian Coal LLC
  • Bangladesh Power Developement Board
  • Cargill India Pvt Ltd
  • Enel Italy
  • Therma Luzon, Inc, Philippines
  • Jindal Steel & Power Ltd - India
  • Mintek Dendrill Indonesia
  • Madhucon Powers Ltd - India
  • GVK Power & Infra Limited - India
  • Peabody Energy - USA
  • CIMB Investment Bank - Malaysia
  • ACC Limited - India
  • Maersk Broker
  • New Zealand Coal & Carbon
  • Gujarat Mineral Development Corp Ltd - India
  • Britmindo - Indonesia
  • Thomson Reuters GRC
  • Barasentosa Lestari - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Platts
  • Surastha Cement
  • EIA - United States
  • Sical Logistics Limited - India
  • Deutsche Bank - India
  • Asian Development Bank
  • SMG Consultants - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Wilmar Investment Holdings
  • CoalTek, United States
  • Eastern Energy - Thailand
  • HSBC - Hong Kong
  • Cemex - Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • NTPC Limited - India
  • Medco Energi Mining Internasional
  • Intertek Mineral Services - Indonesia
  • J M Baxi & Co - India
  • JPMorgan - India
  • Global Green Power PLC Corporation, Philippines
  • Videocon Industries ltd - India
  • Thiess Contractors Indonesia
  • IMC Shipping - Singapore
  • World Bank
  • PowerSource Philippines DevCo
  • BRS Brokers - Singapore
  • Interocean Group of Companies - India