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

Wednesday, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS
By Tasos Papadopoulos, SnP Broker, Intermodal The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with t ...


Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...


Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...


Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013. The cape index was fell to ...


Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap. API 8 CFR South China Coal s ...


   817 818 819 820 821   
Showing 4091 to 4095 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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