We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
|
|
|
Showing 136 to 140 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Posco Energy - South Korea
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
|
| |
| |
|
