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, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...


Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%)  day on day and US$ 0.30 (+0.44%)&nbs ...


Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...


Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA 13-16 October 2014 Grand Hyatt Jakarta, Indonesia Web Site The country’s definitive ...


Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...


   707 708 709 710 711   
Showing 3541 to 3545 news of total 6871
News by Category
Popular News
 
Total Members : 28,637
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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