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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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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
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