Eid Mubarak
  • MAY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 89.74 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON


COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0.79 lesser than June 2011 Price.

This coal benchmark price was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 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% (arb), Ash Content 15 % (arb) and  delivery free on Board (FOB) Vessel basis  and applicable for spot contract, delivery between 1 - 31 July 2011.

The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since February  2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.33 percent higher Y-o-Y.

The price was only valid for spot price, while as for term price, the average referance price (HPB) of the previous 3 months.(50% of last month HPB, 30% of a month earlier HPB and 20% of two months earlier HPB) 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 government also drafting a regulation to ban coal with calorific value below 5100 kcal/kg on air dried basis for the export market by 12 January 2014.  Indonesian coal producers were asked to add value for their product such as washing, crishing, blending and upgrading to have higher-value product prior to eye on the export market.

Raw coal export will also be restricted.

Indonesian physical coal prices also seem to be soft this week due to less demand from chinese buyers. Coal miner PT Bayan Resources Tbk, has recently entered into a conditional sales and purchase agreement to supply 100 million metric tons of low sulphur coal for 15 years commencing on 2015 to an Indian company.

Click here for complete details of  Indonesian coal reference prices since Feb 2010.
(cs)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market   The race to develop liquified natural gas (LNG) facilities in th ...


Saturday, 08 May 21
THE COAL-TO-RENEWABLES TRANSITION TAKES OFF - IEEFA
Pre-Biden changes underscore coming 10-year wave of coal plant retirements   The traditional S-curve growth exhibited by disruptive te ...


Friday, 07 May 21
CHINA'S TOTAL COAL IMPORTS FOR 2020 REACHED A VOLUME OF 304 MILLION TONS - ASSOCARBONI
Our benchmarks, manufacturing Countries like China, Germany, Japan, India, South Korea and Taiwan will continue to use a mix of coal and nuclear to ...


Friday, 07 May 21
SEABORNE WORLD COAL TRADE CLOSED 2020 IN NEGATIVE - ASSOCARBONI
Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. For the first time ...


Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philipp ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6289
News by Category
Popular News
 
Total Members : 27,417
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Asian Development Bank
  • Billiton Holdings Pty Ltd - Australia
  • Russian Coal LLC
  • Malco - India
  • Salva Resources Pvt Ltd - India
  • U S Energy Resources
  • Core Mineral Indonesia
  • SGS (Thailand) Limited
  • Mintek Dendrill Indonesia
  • Borneo Indobara - Indonesia
  • Tata Power - India
  • Vitol - Bahrain
  • JPower - Japan
  • Price Waterhouse Coopers - Russia
  • Marubeni Corporation - India
  • Intertek Mineral Services - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Jindal Steel & Power Ltd - India
  • Sree Jayajothi Cements Limited - India
  • Edison Trading Spa - Italy
  • Indonesia Power. PT
  • Trasteel International SA, Italy
  • Independent Power Producers Association of India
  • Inspectorate - India
  • EMO - The Netherlands
  • Cement Manufacturers Association - India
  • SASOL - South Africa
  • IBC Asia (S) Pte Ltd
  • Platou - Singapore
  • Jatenergy - Australia
  • Mitra SK Pvt Ltd - India
  • IOL Indonesia
  • Banpu Public Company Limited - Thailand
  • PLN - Indonesia
  • SMC Global Power, Philippines
  • Sucofindo - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • GNFC Limited - India
  • Chamber of Mines of South Africa
  • Maybank - Singapore
  • CCIC - Indonesia
  • Petrosea - Indonesia
  • Eastern Energy - Thailand
  • VISA Power Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Samtan Co., Ltd - South Korea
  • Standard Chartered Bank - UAE
  • Ceylon Electricity Board - Sri Lanka
  • Pinang Coal Indonesia
  • Tata Chemicals Ltd - India
  • GHCL Limited - India
  • Star Paper Mills Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Madhucon Powers Ltd - India
  • World Coal - UK
  • Gresik Semen - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Bhoruka Overseas - Indonesia
  • GB Group - China
  • Coastal Gujarat Power Limited - India
  • RBS Sempra - UK
  • Shenhua Group - China
  • Vijayanagar Sugar Pvt Ltd - India
  • Savvy Resources Ltd - HongKong
  • Geoservices-GeoAssay Lab
  • Bahari Cakrawala Sebuku - Indonesia
  • ETA - Dubai
  • Electricity Generating Authority of Thailand
  • Coal and Oil Company - UAE
  • The India Cements Ltd
  • Gujarat Electricity Regulatory Commission - India
  • Power Finance Corporation Ltd., India
  • Japan Coal Energy Center
  • Permata Bank - Indonesia
  • Bhatia International Limited - India
  • Qatrana Cement - Jordan
  • GVK Power & Infra Limited - India
  • Sarangani Energy Corporation, Philippines
  • Mechel - Russia
  • Bhushan Steel Limited - India
  • ICICI Bank Limited - India
  • IHS Mccloskey Coal Group - USA
  • Cargill India Pvt Ltd
  • Kideco Jaya Agung - Indonesia
  • Vale Mozambique
  • The State Trading Corporation of India Ltd
  • Gujarat Sidhee Cement - India
  • Central Java Power - Indonesia
  • Britmindo - Indonesia
  • Singapore Mercantile Exchange
  • Directorate General of MIneral and Coal - Indonesia
  • KEPCO - South Korea
  • Holcim Trading Pte Ltd - Singapore
  • Mercuria Energy - Indonesia
  • Renaissance Capital - South Africa
  • Leighton Contractors Pty Ltd - Australia
  • CoalTek, United States
  • Economic Council, Georgia
  • TANGEDCO India
  • South Luzon Thermal Energy Corporation
  • Siam City Cement - Thailand
  • Enel Italy
  • Merrill Lynch Bank
  • TGV SRAAC LIMITED, India
  • Bangladesh Power Developement Board
  • Directorate Of Revenue Intelligence - India
  • Glencore India Pvt. Ltd
  • Kaltim Prima Coal - Indonesia
  • PowerSource Philippines DevCo
  • J M Baxi & Co - India
  • Platts
  • PLN Batubara - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Neyveli Lignite Corporation Ltd, - India
  • Indian Energy Exchange, India
  • Surastha Cement
  • SRK Consulting
  • Freeport Indonesia
  • Larsen & Toubro Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Grasim Industreis Ltd - India
  • Aditya Birla Group - India
  • The Treasury - Australian Government
  • Bayan Resources Tbk. - Indonesia
  • Rudhra Energy - India
  • Videocon Industries ltd - India
  • Siam City Cement PLC, Thailand
  • Kapuas Tunggal Persada - Indonesia
  • Arutmin Indonesia
  • Metalloyd Limited - United Kingdom
  • McConnell Dowell - Australia
  • SN Aboitiz Power Inc, Philippines
  • Orica Mining Services - Indonesia
  • Coeclerici Indonesia
  • ACC Limited - India
  • Humpuss - Indonesia
  • CIMB Investment Bank - Malaysia
  • Indonesian Coal Mining Association
  • NALCO India
  • Mitsubishi Corporation
  • Carbofer General Trading SA - India
  • Runge Indonesia
  • McKinsey & Co - India
  • Thailand Anthracite
  • Coal India Limited
  • Lafarge - France
  • Commonwealth Bank - Australia
  • LBH Netherlands Bv - Netherlands
  • Chettinad Cement Corporation Ltd - India
  • IEA Clean Coal Centre - UK
  • Medco Energi Mining Internasional
  • Kepco SPC Power Corporation, Philippines
  • Jaiprakash Power Ventures ltd
  • TeaM Sual Corporation - Philippines
  • Sinarmas Energy and Mining - Indonesia
  • KPCL - India
  • Indogreen Group - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Sakthi Sugars Limited - India
  • New Zealand Coal & Carbon
  • CNBM International Corporation - China
  • Orica Australia Pty. Ltd.
  • Sojitz Corporation - Japan
  • Miang Besar Coal Terminal - Indonesia
  • Adani Power Ltd - India
  • Cosco
  • Vizag Seaport Private Limited - India
  • Baramulti Group, Indonesia
  • Romanian Commodities Exchange
  • Riau Bara Harum - Indonesia
  • Makarim & Taira - Indonesia
  • White Energy Company Limited
  • Infraline Energy - India
  • BRS Brokers - Singapore
  • Mercator Lines Limited - India
  • Inco-Indonesia
  • BNP Paribas - Singapore
  • Meenaskhi Energy Private Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • OCBC - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Wood Mackenzie - Singapore
  • PTC India Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Vedanta Resources Plc - India
  • Tanito Harum - Indonesia
  • Port Waratah Coal Services - Australia
  • Kobe Steel Ltd - Japan
  • Central Electricity Authority - India
  • PNOC Exploration Corporation - Philippines
  • SUEK AG - Indonesia
  • IMC Shipping - Singapore
  • Altura Mining Limited, Indonesia
  • Gupta Coal India Ltd
  • Reliance Power - India
  • Meralco Power Generation, Philippines
  • Energy Development Corp, Philippines
  • Australian Commodity Traders Exchange
  • NTPC Limited - India
  • Bharathi Cement Corporation - India
  • Formosa Plastics Group - Taiwan
  • Mitsui
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Global Business Power Corporation, Philippines
  • European Bulk Services B.V. - Netherlands
  • Arch Coal - USA
  • Ministry of Finance - Indonesia
  • Ambuja Cements Ltd - India
  • Coalindo Energy - Indonesia
  • Heidelberg Cement - Germany
  • HSBC - Hong Kong
  • Tamil Nadu electricity Board
  • Bangkok Bank PCL
  • Maruti Cements - India
  • Maharashtra Electricity Regulatory Commission - India
  • TRAFIGURA, South Korea
  • Jorong Barutama Greston.PT - Indonesia
  • Merrill Lynch Commodities Europe
  • Georgia Ports Authority, United States
  • UBS Singapore
  • Cebu Energy, Philippines
  • Deutsche Bank - India
  • Indian Oil Corporation Limited
  • Xindia Steels Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • WorleyParsons
  • Kumho Petrochemical, South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Thomson Reuters GRC
  • Malabar Cements Ltd - India
  • Coaltrans Conferences
  • Thiess Contractors Indonesia
  • Essar Steel Hazira Ltd - India
  • Sindya Power Generating Company Private Ltd
  • International Coal Ventures Pvt Ltd - India
  • Sical Logistics Limited - India
  • Wilmar Investment Holdings
  • Ind-Barath Power Infra Limited - India
  • Binh Thuan Hamico - Vietnam
  • Lanco Infratech Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Total Coal South Africa
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Alfred C Toepfer International GmbH - Germany
  • Maersk Broker
  • ING Bank NV - Singapore
  • Clarksons - UK
  • Interocean Group of Companies - India
  • PetroVietnam Power Coal Import and Supply Company
  • Latin American Coal - Colombia
  • bp singapore
  • Cigading International Bulk Terminal - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • San Jose City I Power Corp, Philippines
  • Electricity Authority, New Zealand
  • Africa Commodities Group - South Africa
  • Planning Commission, India
  • Indian School of Mines
  • Fearnleys - India
  • ANZ Bank - Australia
  • Idemitsu - Japan
  • Cardiff University - UK
  • Semirara Mining Corp, Philippines
  • Coal Orbis AG
  • Cemex - Philippines
  • SMG Consultants - Indonesia
  • Rio Tinto Coal - Australia
  • Petron Corporation, Philippines
  • Agrawal Coal Company - India
  • Parliament of New Zealand
  • Dalmia Cement Bharat India
  • The University of Queensland
  • KOWEPO - South Korea
  • Therma Luzon, Inc, Philippines
  • Simpson Spence & Young - Indonesia
  • Uttam Galva Steels Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Thai Mozambique Logistica
  • Pendopo Energi Batubara - Indonesia
  • Noble Europe Ltd - UK
  • Anglo American - United Kingdom
  • Minerals Council of Australia
  • Asia Cement - Taiwan
  • Indo Tambangraya Megah - Indonesia
  • Argus Media - Singapore
  • Eastern Coal Council - USA
  • GAC Shipping (India) Pvt Ltd
  • CESC Limited - India
  • Moodys - Singapore
  • Barclays Capital - USA
  • OPG Power Generation Pvt Ltd - India
  • World Bank
  • Samsung - South Korea
  • DBS Bank - Singapore
  • Deloitte Consulting - India
  • Indorama - Singapore
  • Iligan Light & Power Inc, Philippines
  • Energy Link Ltd, New Zealand
  • Thriveni
  • Gujarat Mineral Development Corp Ltd - India
  • UOB Asia (HK) Ltd
  • Bank of China, Malaysia
  • Aboitiz Power Corporation - Philippines
  • MS Steel International - UAE
  • GMR Energy Limited - India
  • APGENCO India
  • Ince & co LLP
  • Shree Cement - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Posco Energy - South Korea
  • Oldendorff Carriers - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Timah Investasi Mineral - Indoneisa
  • Bukit Makmur.PT - Indonesia
  • London Commodity Brokers - England
  • JPMorgan - India
  • Panama Canal Authority
  • Parry Sugars Refinery, India
  • Credit Suisse - India
  • MEC Coal - Indonesia
  • Australian Coal Association
  • PetroVietnam
  • Attock Cement Pakistan Limited
  • globalCOAL - UK
  • Barasentosa Lestari - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Berau Coal - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Goldman Sachs - Singapore
  • ASAPP Information Group - India
  • Peabody Energy - USA
  • Mjunction Services Limited - India
  • Bank of America
  • Manunggal Multi Energi - Indonesia
  • Maheswari Brothers Coal Limited - India
  • TNPL - India
  • Thermax Limited - India
  • Ministry of Mines - Canada
  • Xstrata Coal
  • Bulk Trading Sa - Switzerland
  • Rashtriya Ispat Nigam Limited - India
  • Global Coal Blending Company Limited - Australia
  • Adaro Indonesia
  • Ministry of Transport, Egypt
  • EIA - United States
  • KPMG - USA
  • Ernst & Young Pvt. Ltd.
  • India Bulls Power Limited - India
  • Kobexindo Tractors - Indoneisa
  • Indika Energy - Indonesia
  • Antam Resourcindo - Indonesia
  • Asmin Koalindo Tuhup - Indonesia