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

Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...


Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com -  The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT  M-o- ...


Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...


Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended  0700 hours 10 December 2012, Newc ...


Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...


   892 893 894 895 896   
Showing 4466 to 4470 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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