COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Friday, 03 February 17
KOMIPO INVITES BIDS FOR 1.13 MILLION TONS OF BITUMINOUS COAL FOR Q2' 17
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 1,130,000  Metric Tons of Bituminous coal f ...


Friday, 03 February 17
U.S. WEEKLY COAL PRODUCTION DECLINED 3.9% W/W; ROSE 17.7% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...


Friday, 03 February 17
US - EXECUTIVE ORDER ON IMMIGRATION AFFECTS VESSEL CREWS - GARD
From 27 January 2017, crew members carrying Iraqi, Syrian, Sudanese, Iranian, Somalian, Libyan or Yemeni passports are temporarily barred from ente ...


Wednesday, 01 February 17
MARKET INSIGHT - PANOS TSILINGIRIS
The recent placement of LOIs for 208kdwt Newcastlemax Newbuildings at $38.5m at Private Chinese Yard identifies with the modern history low for dry ...


Tuesday, 31 January 17
A CASE OF NEW YEAR BLUES FOR THE FAR EAST? - GEORGE LAZARIDIS
Unlike the typical lull in the market that we note during the  period just prior to  the Chinese New Year, 2017 has proved to be fairly m ...


   426 427 428 429 430   
Showing 2136 to 2140 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • GVK Power & Infra Limited - India
  • Deutsche Bank - India
  • Australian Commodity Traders Exchange
  • CNBM International Corporation - China
  • Vijayanagar Sugar Pvt Ltd - India
  • U S Energy Resources
  • Mitsui
  • Global Green Power PLC Corporation, Philippines
  • Tamil Nadu electricity Board
  • Platts
  • Sarangani Energy Corporation, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • McKinsey & Co - India
  • KOWEPO - South Korea
  • GN Power Mariveles Coal Plant, Philippines
  • Therma Luzon, Inc, Philippines
  • Kobexindo Tractors - Indoneisa
  • Barasentosa Lestari - Indonesia
  • Ambuja Cements Ltd - India
  • Savvy Resources Ltd - HongKong
  • Metalloyd Limited - United Kingdom
  • NTPC Limited - India
  • Energy Link Ltd, New Zealand
  • Parliament of New Zealand
  • Heidelberg Cement - Germany
  • Iligan Light & Power Inc, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Cigading International Bulk Terminal - Indonesia
  • Indian Energy Exchange, India
  • Power Finance Corporation Ltd., India
  • AsiaOL BioFuels Corp., Philippines
  • Qatrana Cement - Jordan
  • TGV SRAAC LIMITED, India
  • Directorate Of Revenue Intelligence - India
  • ING Bank NV - Singapore
  • The Treasury - Australian Government
  • Ind-Barath Power Infra Limited - India
  • Economic Council, Georgia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Permata Bank - Indonesia
  • Indika Energy - Indonesia
  • Parry Sugars Refinery, India
  • Merrill Lynch Commodities Europe
  • Maharashtra Electricity Regulatory Commission - India
  • Asmin Koalindo Tuhup - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Ministry of Mines - Canada
  • Ministry of Transport, Egypt
  • Interocean Group of Companies - India
  • Directorate General of MIneral and Coal - Indonesia
  • Port Waratah Coal Services - Australia
  • Samtan Co., Ltd - South Korea
  • Vedanta Resources Plc - India
  • Shenhua Group - China
  • TNPL - India
  • Mercator Lines Limited - India
  • Inspectorate - India
  • Shree Cement - India
  • Indian Oil Corporation Limited
  • Kalimantan Lumbung Energi - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Timah Investasi Mineral - Indoneisa
  • Japan Coal Energy Center
  • Clarksons - UK
  • Standard Chartered Bank - UAE
  • Deloitte Consulting - India
  • Pendopo Energi Batubara - Indonesia
  • Barclays Capital - USA
  • Goldman Sachs - Singapore
  • Formosa Plastics Group - Taiwan
  • Maruti Cements - India
  • Trasteel International SA, Italy
  • Tata Power - India
  • Gujarat Electricity Regulatory Commission - India
  • Indogreen Group - Indonesia
  • Cement Manufacturers Association - India
  • GMR Energy Limited - India
  • Malabar Cements Ltd - India
  • Coeclerici Indonesia
  • KPMG - USA
  • McConnell Dowell - Australia
  • Coastal Gujarat Power Limited - India
  • Australian Coal Association
  • Leighton Contractors Pty Ltd - Australia
  • Global Business Power Corporation, Philippines
  • TeaM Sual Corporation - Philippines
  • KEPCO - South Korea
  • SASOL - South Africa
  • European Bulk Services B.V. - Netherlands
  • Semirara Mining and Power Corporation, Philippines
  • Gujarat Sidhee Cement - India
  • Xstrata Coal
  • Makarim & Taira - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Runge Indonesia
  • Vitol - Bahrain
  • Electricity Generating Authority of Thailand
  • Thriveni
  • Latin American Coal - Colombia
  • Kumho Petrochemical, South Korea
  • SUEK AG - Indonesia
  • Maybank - Singapore
  • Berau Coal - Indonesia
  • Borneo Indobara - Indonesia
  • PowerSource Philippines DevCo
  • Aboitiz Power Corporation - Philippines
  • Coal Orbis AG
  • Gresik Semen - Indonesia
  • Fearnleys - India
  • RBS Sempra - UK
  • Coaltrans Conferences
  • International Coal Ventures Pvt Ltd - India
  • BNP Paribas - Singapore
  • IBC Asia (S) Pte Ltd
  • Cebu Energy, Philippines
  • South Luzon Thermal Energy Corporation
  • Rashtriya Ispat Nigam Limited - India
  • Arch Coal - USA
  • DBS Bank - Singapore
  • Gupta Coal India Ltd
  • Aditya Birla Group - India
  • Semirara Mining Corp, Philippines
  • Sakthi Sugars Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Uttam Galva Steels Limited - India
  • Adaro Indonesia
  • Jatenergy - Australia
  • EIA - United States
  • Essar Steel Hazira Ltd - India
  • Credit Suisse - India
  • Eastern Coal Council - USA
  • SMC Global Power, Philippines
  • ETA - Dubai
  • Electricity Authority, New Zealand
  • World Bank
  • GNFC Limited - India
  • Peabody Energy - USA
  • Thai Mozambique Logistica
  • Sinarmas Energy and Mining - Indonesia
  • UOB Asia (HK) Ltd
  • Coal and Oil Company - UAE
  • Britmindo - Indonesia
  • Larsen & Toubro Limited - India
  • Malco - India
  • Geoservices-GeoAssay Lab
  • Indonesian Coal Mining Association
  • The University of Queensland
  • Rio Tinto Coal - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Kohat Cement Company Ltd. - Pakistan
  • Minerals Council of Australia
  • Medco Energi Mining Internasional
  • Asian Development Bank
  • Miang Besar Coal Terminal - Indonesia
  • Thiess Contractors Indonesia
  • J M Baxi & Co - India
  • Baramulti Group, Indonesia
  • Agrawal Coal Company - India
  • Indonesia Power. PT
  • Pinang Coal Indonesia
  • Mintek Dendrill Indonesia
  • Maersk Broker
  • IMC Shipping - Singapore
  • Bukit Baiduri Energy - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Edison Trading Spa - Italy
  • Thailand Anthracite
  • Antam Resourcindo - Indonesia
  • APGENCO India
  • Bangladesh Power Developement Board
  • Commonwealth Bank - Australia
  • Sical Logistics Limited - India
  • HSBC - Hong Kong
  • Idemitsu - Japan
  • Wood Mackenzie - Singapore
  • Wilmar Investment Holdings
  • LBH Netherlands Bv - Netherlands
  • Altura Mining Limited, Indonesia
  • Thermax Limited - India
  • Freeport Indonesia
  • Argus Media - Singapore
  • Cemex - Philippines
  • WorleyParsons
  • PLN Batubara - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • SMG Consultants - Indonesia
  • Asia Cement - Taiwan
  • TANGEDCO India
  • Lanco Infratech Ltd - India
  • ICICI Bank Limited - India
  • Panama Canal Authority
  • Ceylon Electricity Board - Sri Lanka
  • Platou - Singapore
  • Kideco Jaya Agung - Indonesia
  • ACC Limited - India
  • Bank of China, Malaysia
  • Siam City Cement PLC, Thailand
  • Mitsubishi Corporation
  • Jorong Barutama Greston.PT - Indonesia
  • Infraline Energy - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Cosco
  • Enel Italy
  • CoalTek, United States
  • ASAPP Information Group - India
  • Vizag Seaport Private Limited - India
  • Ernst & Young Pvt. Ltd.
  • BRS Brokers - Singapore
  • Planning Commission, India
  • Kartika Selabumi Mining - Indonesia
  • MS Steel International - UAE
  • Energy Development Corp, Philippines
  • Bharathi Cement Corporation - India
  • Chettinad Cement Corporation Ltd - India
  • Simpson Spence & Young - Indonesia
  • Thomson Reuters GRC
  • CESC Limited - India
  • Mechel - Russia
  • The India Cements Ltd
  • VISA Power Limited - India
  • IEA Clean Coal Centre - UK
  • Karbindo Abesyapradhi - Indoneisa
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Siam City Cement - Thailand
  • Orica Australia Pty. Ltd.
  • Kepco SPC Power Corporation, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Oldendorff Carriers - Singapore
  • Tanito Harum - Indonesia
  • MEC Coal - Indonesia
  • Straits Asia Resources Limited - Singapore
  • GB Group - China
  • The State Trading Corporation of India Ltd
  • Sucofindo - Indonesia
  • IOL Indonesia
  • Carbofer General Trading SA - India
  • Core Mineral Indonesia
  • Reliance Power - India
  • Orica Mining Services - Indonesia
  • Posco Energy - South Korea
  • Inco-Indonesia
  • PNOC Exploration Corporation - Philippines
  • Bayan Resources Tbk. - Indonesia
  • Petron Corporation, Philippines
  • Anglo American - United Kingdom
  • CIMB Investment Bank - Malaysia
  • Total Coal South Africa
  • Krishnapatnam Port Company Ltd. - India
  • Bank of America
  • Cardiff University - UK
  • Africa Commodities Group - South Africa
  • Bangkok Bank PCL
  • New Zealand Coal & Carbon
  • Ministry of Finance - Indonesia
  • Lafarge - France
  • Mjunction Services Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Coalindo Energy - Indonesia
  • Riau Bara Harum - Indonesia
  • Maheswari Brothers Coal Limited - India
  • globalCOAL - UK
  • UBS Singapore
  • Marubeni Corporation - India
  • Kaltim Prima Coal - Indonesia
  • Petrosea - Indonesia
  • EMO - The Netherlands
  • Renaissance Capital - South Africa
  • Glencore India Pvt. Ltd
  • Binh Thuan Hamico - Vietnam
  • PLN - Indonesia
  • Sojitz Corporation - Japan
  • Romanian Commodities Exchange
  • Mercuria Energy - Indonesia
  • Salva Resources Pvt Ltd - India
  • OCBC - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • Humpuss - Indonesia
  • Jindal Steel & Power Ltd - India
  • Ince & co LLP
  • Merrill Lynch Bank
  • SRK Consulting
  • Central Electricity Authority - India
  • Indian School of Mines
  • Global Coal Blending Company Limited - Australia
  • Singapore Mercantile Exchange
  • Georgia Ports Authority, United States
  • GHCL Limited - India
  • SGS (Thailand) Limited
  • Bulk Trading Sa - Switzerland
  • Meenaskhi Energy Private Limited - India
  • Mitra SK Pvt Ltd - India
  • PetroVietnam
  • Central Java Power - Indonesia
  • India Bulls Power Limited - India
  • Bhushan Steel Limited - India
  • Chamber of Mines of South Africa
  • Bukit Asam (Persero) Tbk - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Banpu Public Company Limited - Thailand
  • Moodys - Singapore
  • Xindia Steels Limited - India
  • Videocon Industries ltd - India
  • Madhucon Powers Ltd - India
  • Noble Europe Ltd - UK
  • SN Aboitiz Power Inc, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Adani Power Ltd - India
  • London Commodity Brokers - England
  • Star Paper Mills Limited - India
  • JPower - Japan
  • PTC India Limited - India
  • KPCL - India
  • Toyota Tsusho Corporation, Japan
  • Dalmia Cement Bharat India
  • Sree Jayajothi Cements Limited - India
  • Independent Power Producers Association of India
  • TRAFIGURA, South Korea
  • Price Waterhouse Coopers - Russia
  • Samsung - South Korea
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Jaiprakash Power Ventures ltd
  • Attock Cement Pakistan Limited
  • Cargill India Pvt Ltd
  • Holcim Trading Pte Ltd - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Bukit Makmur.PT - Indonesia
  • Rudhra Energy - India
  • NALCO India
  • JPMorgan - India
  • IHS Mccloskey Coal Group - USA
  • Kobe Steel Ltd - Japan
  • Bhoruka Overseas - Indonesia
  • Tata Chemicals Ltd - India
  • Eastern Energy - Thailand
  • CCIC - Indonesia
  • Bhatia International Limited - India
  • Grasim Industreis Ltd - India
  • ANZ Bank - Australia
  • Intertek Mineral Services - Indonesia
  • Meralco Power Generation, Philippines
  • Russian Coal LLC
  • Neyveli Lignite Corporation Ltd, - India
  • Indorama - Singapore
  • San Jose City I Power Corp, Philippines
  • World Coal - UK
  • Surastha Cement
  • Sindya Power Generating Company Private Ltd
  • Arutmin Indonesia
  • Vale Mozambique
  • bp singapore
  • White Energy Company Limited
  • Coal India Limited