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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, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Australian Coal Association
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Planning Commission, India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
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