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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, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
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- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- The University of Queensland
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
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