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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, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
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- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- The Treasury - Australian Government
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
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