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

Tuesday, 23 June 15
Q3 FOB INDONESIA COAL SWAP FALL $1.12 IN ONE MONTH
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and week over week, this past week. The Q3 swap was declined $ ...


Tuesday, 23 June 15
FOB RICHARDS BAY COAL SWAP HAS REMAINED STEADY OVER THE PAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 rose month over month and week over week. The Q3 swap was up US$ 2.32 ...


Monday, 22 June 15
BORYEONG POWER PLANT TO IMPORT 140K MT OF LCV COAL FOR AUGUST - SEPTEMBER 2015
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to purchase 140K Metric Tons (MT) of LCV coal for ...


Monday, 22 June 15
CFR SOUTH CHINA COAL SWAP: UP MONTH OVER MONTH; DOWN WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 0.30 (0.58%) per MT month over month. A commodity swap is a ...


Monday, 22 June 15
FOB NEWCASTLE COAL SWAP: UP WEEK OVER WEEK AND MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 0.54 per MT (1.19%) month over month to US$ 45.87 per mt. The swap was ...


   591 592 593 594 595   
Showing 2961 to 2965 news of total 6871
News by Category
Popular News
 
Total Members : 28,620
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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