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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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Friday, 04 September 15
GOVERNORS WILL HAVE THE POWER TO REVOKE MINERS' PERMITS: ENERGY MINISTRY - JG
Starting Oct. 1, Indonesia's governors will lawfully become "executors" in revoking the licenses of miners that fail to secure a &quo ...
Thursday, 03 September 15
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE HBA METHODOLOGY
COALspot.com: Ministry of Energy and Mineral Resources (ESDM) in process to revise Indonesian Coal Price Reference (HBA) and expected to complete b ...
Thursday, 03 September 15
THE CHINESE STOCK MARKET AND THE CHINESE ECONOMY CONTINUE TO SUBSTANTIALLY AFFECT TRADING - INTERMODAL
The last week of the summer season saw the BDI dipping further on the back of another significant drop in rates for Capes, which brought the market ...
Wednesday, 02 September 15
PORT OF NEWCASTLE SHIPPED 13.46 MMT OF COAL IN JULY; UP 0.66 PER CENT M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.224 billi ...
Wednesday, 02 September 15
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
In the beginning of the summer period SnP activity was firm with numerous buyers, coming mainly from Greece and the Far East, inspecting ships and ...
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- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
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