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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, 11 April 16
BDI ROSE TO ITS HIGHEST LEVEL IN FOUR MONTHS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 08 April 16
COASTAL ENERGEN CROSSES GENERATION OF 1068 MW AND EXPORT OF 1004 MW FROM ITS 1200 MW IPP
COALspot.com: Coal & Oil (C&O) Group, an India centric Energy & Infrastructure company announced that their Coastal Energen' ...
Friday, 08 April 16
WEEKLY US COAL PRODUCTION ESTIMATES DIP 5.4% TO 11 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11 million short ...
Friday, 08 April 16
MINISTER OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO ISSUE REGULATION TO GUARANTEE THE COAL SUPPLY TO ITS 35K POWER PLANT PROJECTS
COALspot.com: In order to guarantee the supply of coal for 35,000 megawatt (mw) coal based power plants ( still in planning stage), the Minister of ...
Thursday, 07 April 16
CHINA STEEL CAPACITY CUTS FACE SOCIAL, FINANCIAL HURDLES - FITCH RATINGS
Fitch Ratings says today that the Chinese government's supply-side reform of the steel sector faces immense social and financial challenges. Th ...
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- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Planning Commission, India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- The University of Queensland
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Australian Coal Association
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
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