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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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Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
Tuesday, 27 March 18
SHIPPING MARKET ANALYSIS - GERRY LATHROP
With the almost complete phase out of Tier II new-building slots on our door step, along with the plethora of emissions related articles seemingly ...
Friday, 23 March 18
RIO TINTO AGREES SALE OF HAIL CREEK AND VALERIA TO GLENCORE FOR $1.7 BILLION
Press Release: Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and th ...
Wednesday, 21 March 18
CHINA'S RAW COAL OUTPUT UP IN 2017, FIRST GROWTH SINCE 2014 - XINHUA
China’s raw coal output rose in 2017 due to rebounding demand and high-quality capacity, according to the National Bureau of Statistics (NBS) ...
Wednesday, 21 March 18
MARKET INSIGHT - CHRISTOPHER T. WHITTY
President’s Trump administration proposed tariffs on steel and aluminum imports in an attempt to target China and Europe among others. Earlie ...
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- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
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