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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, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Aditya Birla Group - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
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