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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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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Australian Coal Association
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
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