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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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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
Insider Stories reported that, PT Mitra Alam Segara Sejati, a subsidiary that is 60% owned by PT Mitrabahtera Segara Sejati Tbk (MBSS), has secur ...
Sunday, 03 June 12
TTI ESTABLISHES COAL TRADING & MARKETING OFFICE
COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s fi ...
Sunday, 03 June 12
FREIGHT MARKET CONTINUING ITS DECLINE
COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points.
The Cape Size ...
Friday, 01 June 12
TNPL HAS SECURED 300K MT OF 6000 GAD COAL AT US$ 81 CNF TUTICORIN
COALspot.com - An India based coal trader Adani has offered the lowest price of US$ 81.00 per metric ton for calorific value of 6000 GAD and 15 perc ...
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- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- PTC India Limited - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
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