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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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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
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- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Planning Commission, India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- The University of Queensland
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
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