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