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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- The University of Queensland
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Marubeni Corporation - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
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