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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, 14 December 16
INTERNATIONAL TRIBUNAL DISMISSED CHURCHILL MINING'S DAMAGES CLAIM AGAINST REPUBLIC OF INDONESIA
The Directors of Churchill Mining plc advise that, the ICSID Tribunal (“Tribunal”) granted Indonesia’s application to dismiss the ...
Wednesday, 14 December 16
20/20 VISION! - JOHN N. COTZIAS
2020; A year that could be changing shipping. In early November, the International Maritime Organization (IMO) announced that it would set a 0.5% s ...
Tuesday, 13 December 16
THE FREIGHT MARKET MAY WELL BE SHOWING SIGNS OF HEADING FOR ITS DOWNWARD CORRECTIVE PHASE - ALLIED
2016 has been a tough market for dry bulkers and through these difficult earnings, we have seen some of the lowest prices being noted historically ...
Tuesday, 13 December 16
COAL DEMAND GROWTH TO STALL AS APPETITE WANES, ACCORDING TO IEA
Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according ...
Monday, 12 December 16
U.S. WEEKLY COAL PRODUCTION TOTALS 16.3 MMST, UP 7.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million short ton ...
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- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
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