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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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Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
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- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Australian Coal Association
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
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