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, 31 July 15
CAPE'S PAPER MARKET REMAINS FIRM - INTERMODAL
COALspot.com: The positive sentiment that the Dry Bulk market has been enjoying as of the previous month, was carried through last week as well, bu ...


Friday, 31 July 15
COAL PRODUCTION IN THE U.S. UP 3.6% FOR THE WEEK ENDING JULY 25
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.8 million shor ...


Friday, 31 July 15
CHINA'S NEW OIL IMPORT RULES HAVE MINIMAL IMPACT ON STATUS QUO - FITCH
Fitch Ratings says that China's looser criteria for crude oil import rights are a positive but modest step towards encouraging private-sector p ...


Thursday, 30 July 15
EFFECTS OF THE CHINESE STOCK MARKET CRISIS - INTERMODAL
All evidence is currently signaling that the Chinese stock market will be the newest hurdle for the global economy. With the world's second lar ...


Wednesday, 29 July 15
Q1'16 FOB INDONESIA COAL SWAP CLOSED HIGHER THAN Q3'15
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and gains week over week, this past week. The Q3 swap was decl ...


   578 579 580 581 582   
Showing 2896 to 2900 news of total 6871
News by Category
Popular News
 
Total Members : 28,672
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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