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

Monday, 29 September 14
INDONESIAN COAL EXPORT VOLUME FALL IN AUGUST
COALspot.com:  Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 ...


Monday, 29 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average November 2014 flat day on day and lost US$ 0.85 (-1.66%) per mt week on week. The swap also lost US ...


Monday, 29 September 14
CFR SOUTH CHINA COAL LOST AROUND 5% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 3.55 (-5.10%) month over month and flat week over week. ...


Sunday, 28 September 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market shows a bit weak trend this week. The BDI was lost 2.42% week on week and closed at 1049 points on 26 Se ...


Sunday, 28 September 14
BERAU AGREES DEAL WITH GOVT, MINING AREA REDUCED - THE JAKARTA POST
Coal miner PT Berau Coal, a subsidiary of Jakarta-listed PT Berau Coal Energy (BRAU), has signed a memorandum of understanding (MoU) with the gover ...


   691 692 693 694 695   
Showing 3461 to 3465 news of total 6871
News by Category
Popular News
 
Total Members : 28,636
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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