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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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Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
Wednesday, 11 July 12
HBA DROPPED SHARPLY IN JULY
COALspot.com - Indonesian HBA fell to lowest level since September 2010 in July 2012. The monthly coal reference price for coal sales this mon ...
Wednesday, 11 July 12
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 1.26 PER TON
COALspot.com - Sub-Bit FOB Indonesia Coal decline for a second day yesterday, according to SGX AsiaClear OTC Coal Swaps. The prices for shipments to ...
Tuesday, 10 July 12
DRY BULK MARKET RECORDS MODEST GAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher on Monday, with the Baltic Dry Index (BDI) ending the session up by 5 points to 1,162. Most markets were hig ...
Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently ...
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- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
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