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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, 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 ...
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- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- White Energy Company Limited
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
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