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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, 08 October 18
KOMIPO INVITES BIDS FOR 520,000 TONS OF COLOMBIAN ORIGIN OF 5,700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Colombian origin ...
Sunday, 07 October 18
SUPRAMAX: INDO-INDIA USUAL COAL RUNS WERE COVERED AT US$ 12K - FEARNLEYS
Capesize
Average daily earnings up close to 15 pct in 5 trading days, thus patience finally paying off for owners of the big ships - Chinese play ...
Sunday, 07 October 18
A CASE FOR 20/20 VISION? IMO'S LOW SULPHUR FUEL LIMIT UNDER MARPOL ANNEX VI WHICH COMES INTO FORCE ON 1ST JANUARY 2020
KNOWLEDGE TO ELEVATE
The implementation of the global 0.5% sulphur cap for bunker fuel under MARPOL Annex VI in just under 18 months’ ti ...
Friday, 05 October 18
COAL PRODUCTION REACHES 64% OF 2018 TARGET : THE JAKARTA POST
National coal production up to August has already reached 311 million tons, or 64 percent of this year's total target of 485 million tons, acco ...
Wednesday, 03 October 18
VALUE OF AUSTRALIAN COAL EXPORTS TIPPED TO DECLINE SHARPLY OVER NEXT 18 MONTHS - THE GUARDIAN
Thermal coal prices forecast to drop 25% and metallurgical coal prices 23% as value of iron ore exports also falls
The value of Aust ...
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- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- White Energy Company Limited
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
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