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, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...


Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...


Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...


Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...


Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon. ...


   13 14 15 16 17   
Showing 71 to 75 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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