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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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Sunday, 22 December 19
NMDC DIVERSIFIES INTO COAL MINING - THE HINDU
Iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal.
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Sunday, 22 December 19
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Saturday, 21 December 19
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Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
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