COALspot.com keeps you connected across the coal world

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


Search News
Latest CoalNews Headlines
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.



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

Recent News

Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...


Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...


Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...


Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...


Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...


   1034 1035 1036 1037 1038   
Showing 5176 to 5180 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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