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Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
 COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, Indonesian coal industry sources said.
Indonesian coal producers have shipped approximately 8.236 million tons of coal to China in June, which was 0.24 percent higher than May 2011 exports. However, Indonesian producers failed to push more coal to India in June.
Indian importers have imported 2.63 percent lesser coal compared to May Imports. India has imported only around 6.20 million tons, which were around 21.95 percent of Indoneisan total coal exports in June. In the meantime, India has imported approximately 36.033 million tons coal, which was slightly lesser than Chinese's imports of 36.071 million tons, during first half this year.
India was the largest Indonesian coal importer since January 2011 until April 2011, until China becomes the largest importer of Indonesian coal since May 2011.
According to the coal minister of India, India's coal imports may be at 250 million tons per annum by 2016. Coal imports are an unavoidable options for Indian utilities due to non availability of economically viable coal from domestic mines. However, according to Indian UMPPs, due to Indonesian government regulation that forces all coal producers must sell coal at government declared monthly prices, would cost them at least US$ 30 per ton higher than they previously budgeted.
According to Indian power industry sources opined that Indian UMPPs ( ultra-mega power project) suddenly caught in between as the concept of UMPP was implemented 4 to 5 years back. The large scale industrial houses in India have bided and secured UMPP licenses based on the open market prices /long term coal contracts from Indonesian producers (I.e., pre regulated Indonesian market). Now that Indonesian coal reference price mechanism is in place all the UMPP's are seeking Indian government’s assistance in revising the Power Tariff of UMPP.
There are mixed of reactions from Indian mine investors in Indonesia related to government regualtion on coal referance price. Indian power plants are must focus on the fuel security than price advantages out of Indonesian coal mine operations. Mine investments in Indonesia will definitely a good option for power producers of India to secure fuel for their plants, according to an Indian power producer who had invested coal mine in Indonesia.
Meantime, another investor opined that, more and more of Indian lenders are concerned with the sourcing of coal from Indonesia for their power generating plants after reported backing out of Reliance Power from their proposed 4000 MW UMMP in Krishnapatnam port zone due to higher cost for coal imports from Indonesia.
Indonesia has introduced bench mark pricing mechanism for its coal since February 2010, and it has implemented for the domestic supplies as well the export market. The pricing was done on the transparent way using four internationally acceptable coal indices to generate monthly Indonesian coal reference prices for about 62 types of coal, including 8 types of bench mark qualities.
The regulation also requires miners to report sales volumes, prices, and buyers every month to the government, allowing it to ensure that the rules are being followed. Violations can lead to revocation of mining permits. The price benchmark aims to prevent firms selling coal to affiliates at low prices to avoid taxes that hurts Indonesia's efforts to collect revenues from its massive commodity exports.
Ministry of Energy and Mineral Resources of Indonesia has set the July 2011 Indonesian Coal Reference Price for thermal coal at US$ 118.24 per ton per ton, which was 0.66 percent lesser than June 2011 price. Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 – 31 July 2011.
Indonesian government is currently drafting a new regulation that could ban the export of low-grade coal by January 12, 2014. This is likely to apply to coal below 5100 kilocalories (on air dried basis) in value.
Indonesian large-scale producers were offering bituminous coal of 5,500 kcal/kg NAR at around $ 108 a ton, FOB vessel basis, and the price was almost flat since last week, buyers said.
79.77 percent of total coal exports in June shipped to China, India, South Korea, Japan and Taiwan respectively.
The coal export information within this article is provided by coalspot.com on an "as is" and "as available” basis. All details about, given in good faith, without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.
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Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
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- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
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