We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please
click here .
To get the WTI oil price , please enable Javascript.
To get the BRENT oil price , please enable Javascript.
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 .
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
Tuesday, 08 March 22
THE HIGH COST OF INDONESIA’S DOWNSTREAM COAL PROJECTS IS UNDERESTIMATED - IEEFA
Three Indonesian ministries have come up with a DME purchase price of US$378/tonne fixed for 20 years compared to IEEFA’s US$601/tonne estima ...
Showing 16 to 20 news of total 6547
Iligan Light & Power Inc, Philippines
Pipit Mutiara Jaya. PT, Indonesia
Salva Resources Pvt Ltd - India
Gujarat Sidhee Cement - India
Neyveli Lignite Corporation Ltd, - India
Kaltim Prima Coal - Indonesia
Ambuja Cements Ltd - India
Star Paper Mills Limited - India
New Zealand Coal & Carbon
Vijayanagar Sugar Pvt Ltd - India
Coalindo Energy - Indonesia
Petron Corporation, Philippines
Semirara Mining Corp, Philippines
Jorong Barutama Greston.PT - Indonesia
Sinarmas Energy and Mining - Indonesia
Indonesian Coal Mining Association
Port Waratah Coal Services - Australia
Renaissance Capital - South Africa
Sakthi Sugars Limited - India
Romanian Commodities Exchange
Power Finance Corporation Ltd., India
Barasentosa Lestari - Indonesia
Thiess Contractors Indonesia
London Commodity Brokers - England
Bhatia International Limited - India
SMG Consultants - Indonesia
Cement Manufacturers Association - India
Kohat Cement Company Ltd. - Pakistan
India Bulls Power Limited - India
ASAPP Information Group - India
TNB Fuel Sdn Bhd - Malaysia
Alfred C Toepfer International GmbH - Germany
Binh Thuan Hamico - Vietnam
Asia Pacific Energy Resources Ventures Inc, Philippines
Vizag Seaport Private Limited - India
Leighton Contractors Pty Ltd - Australia
Carbofer General Trading SA - India
Ministry of Mines - Canada
Meenaskhi Energy Private Limited - India
Aboitiz Power Corporation - Philippines
Energy Development Corp, Philippines
Central Java Power - Indonesia
Sojitz Corporation - Japan
Baramulti Group, Indonesia
Larsen & Toubro Limited - India
Bharathi Cement Corporation - India
Minerals Council of Australia
Marubeni Corporation - India
ICICI Bank Limited - India
Maharashtra Electricity Regulatory Commission - India
Uttam Galva Steels Limited - India
PNOC Exploration Corporation - Philippines
Oldendorff Carriers - Singapore
Maheswari Brothers Coal Limited - India
Intertek Mineral Services - Indonesia
Anglo American - United Kingdom
Global Green Power PLC Corporation, Philippines
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Bukit Asam (Persero) Tbk - Indonesia
Indian Oil Corporation Limited
Kideco Jaya Agung - Indonesia
Thai Mozambique Logistica
Jindal Steel & Power Ltd - India
GVK Power & Infra Limited - India
Essar Steel Hazira Ltd - India
Agrawal Coal Company - India
Altura Mining Limited, Indonesia
Dr Ramakrishna Prasad Power Pvt Ltd - India
Timah Investasi Mineral - Indoneisa
Billiton Holdings Pty Ltd - Australia
Heidelberg Cement - Germany
Tata Chemicals Ltd - India
Orica Australia Pty. Ltd.
Bank of Tokyo Mitsubishi UFJ Ltd
TeaM Sual Corporation - Philippines
Jaiprakash Power Ventures ltd
Therma Luzon, Inc, Philippines
Xindia Steels Limited - India
White Energy Company Limited
Orica Mining Services - Indonesia
Formosa Plastics Group - Taiwan
GAC Shipping (India) Pvt Ltd
Truba Alam Manunggal Engineering.Tbk - Indonesia
Tamil Nadu electricity Board
Chettinad Cement Corporation Ltd - India
OPG Power Generation Pvt Ltd - India
Siam City Cement PLC, Thailand
Mjunction Services Limited - India
Wilmar Investment Holdings
Merrill Lynch Commodities Europe
Global Coal Blending Company Limited - Australia
Indo Tambangraya Megah - Indonesia
IEA Clean Coal Centre - UK
Goldman Sachs - Singapore
The State Trading Corporation of India Ltd
Bukit Makmur.PT - Indonesia
Dalmia Cement Bharat India
GMR Energy Limited - India
Karaikal Port Pvt Ltd - India
Metalloyd Limited - United Kingdom
Economic Council, Georgia
MS Steel International - UAE
Directorate Of Revenue Intelligence - India
McConnell Dowell - Australia
Krishnapatnam Port Company Ltd. - India
Planning Commission, India
Mintek Dendrill Indonesia
Dong Bac Coal Mineral Investment Coporation - Vietnam
Trasteel International SA, Italy
Kapuas Tunggal Persada - Indonesia
Standard Chartered Bank - UAE
The University of Queensland
PetroVietnam Power Coal Import and Supply Company
Indian Energy Exchange, India
Aditya Birla Group - India
VISA Power Limited - India
LBH Netherlands Bv - Netherlands
Borneo Indobara - Indonesia
Rashtriya Ispat Nigam Limited - India
Kepco SPC Power Corporation, Philippines
Parliament of New Zealand
Ministry of Transport, Egypt
Wood Mackenzie - Singapore
Cigading International Bulk Terminal - Indonesia
Ministry of Finance - Indonesia
Kalimantan Lumbung Energi - Indonesia
Ceylon Electricity Board - Sri Lanka
Parry Sugars Refinery, India
Independent Power Producers Association of India
Commonwealth Bank - Australia
Coal and Oil Company - UAE
Antam Resourcindo - Indonesia
Directorate General of MIneral and Coal - Indonesia
Riau Bara Harum - Indonesia
Eastern Energy - Thailand
Banpu Public Company Limited - Thailand
European Bulk Services B.V. - Netherlands
Semirara Mining and Power Corporation, Philippines
International Coal Ventures Pvt Ltd - India
Sical Logistics Limited - India
Indika Energy - Indonesia
CIMB Investment Bank - Malaysia
Karbindo Abesyapradhi - Indoneisa
Miang Besar Coal Terminal - Indonesia
Bhushan Steel Limited - India
Posco Energy - South Korea
Toyota Tsusho Corporation, Japan
Gujarat Electricity Regulatory Commission - India
Electricity Generating Authority of Thailand
San Jose City I Power Corp, Philippines
Rio Tinto Coal - Australia
Central Electricity Authority - India
Eastern Coal Council - USA
Petrochimia International Co. Ltd.- Taiwan
Deloitte Consulting - India
Bayan Resources Tbk. - Indonesia
Latin American Coal - Colombia
Makarim & Taira - Indonesia
Singapore Mercantile Exchange
Offshore Bulk Terminal Pte Ltd, Singapore
Australian Commodity Traders Exchange
Bangladesh Power Developement Board
Straits Asia Resources Limited - Singapore
Ind-Barath Power Infra Limited - India
Sree Jayajothi Cements Limited - India
Chamber of Mines of South Africa
Bulk Trading Sa - Switzerland
Africa Commodities Group - South Africa
Interocean Group of Companies - India
Siam City Cement - Thailand
Mercuria Energy - Indonesia
Indogreen Group - Indonesia
Lanco Infratech Ltd - India
SMC Global Power, Philippines
SN Aboitiz Power Inc, Philippines
Medco Energi Mining Internasional
Kobexindo Tractors - Indoneisa
Simpson Spence & Young - Indonesia
Manunggal Multi Energi - Indonesia
Globalindo Alam Lestari - Indonesia
Madhucon Powers Ltd - India
Samtan Co., Ltd - South Korea
Grasim Industreis Ltd - India
GN Power Mariveles Coal Plant, Philippines
Price Waterhouse Coopers - Russia
Mercator Lines Limited - India
Meralco Power Generation, Philippines
Videocon Industries ltd - India
CNBM International Corporation - China
PowerSource Philippines DevCo
Edison Trading Spa - Italy
Georgia Ports Authority, United States
Vedanta Resources Plc - India
IHS Mccloskey Coal Group - USA
PTC India Limited - India
Energy Link Ltd, New Zealand
Holcim Trading Pte Ltd - Singapore
Bukit Baiduri Energy - Indonesia
Sindya Power Generating Company Private Ltd
Gujarat Mineral Development Corp Ltd - India
South Luzon Thermal Energy Corporation
Attock Cement Pakistan Limited
Kumho Petrochemical, South Korea
The Treasury - Australian Government
Australian Coal Association
Asmin Koalindo Tuhup - Indonesia
Sarangani Energy Corporation, Philippines
Kartika Selabumi Mining - Indonesia
Coastal Gujarat Power Limited - India
AsiaOL BioFuels Corp., Philippines
Global Business Power Corporation, Philippines
Bahari Cakrawala Sebuku - Indonesia
Pendopo Energi Batubara - Indonesia
Savvy Resources Ltd - HongKong
Malabar Cements Ltd - India
Electricity Authority, New Zealand
Bhoruka Overseas - Indonesia