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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, 03 July 11
INDONESIAN GOVERNMENT HAS CLEARED 1509 COAL IUP'S AS CLEAR AND CLEAN
COALspot.com - The Directorate general of mineral & coal of Indonesia has cleared around 1,509 IUP holders (coal mining companies) as "clea ...
Sunday, 03 July 11
MONSOON IN INDIA PUSHED FREIGHTS UP FROM INDONESIA TO WC INDIA - VISTAAR
COALspot.com - The BDI continued to hold closing just 2 points below last week at 1,422 points which was supported by Cape index which was up by 71 ...
Friday, 01 July 11
BEN LINE OPENS A NEW OFFICE IN BERAU
COALspot.com - Ben Line Agencies has announced that it has opened a new office in the busy coal loading port of Berau in East Kalimantan increasing ...
Friday, 01 July 11
CAPESIZE RATES TO REMAIN DEPRESSED IN COMING MONTHS SAYS SHIPPING ORGANIZATION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a recent report, BIMCO reassessed that Capesize freight rates will remain in depressed territory in the coming months. Capesize Time Charter Aver ...
Thursday, 30 June 11
DRY BULK MARKET SHOWS SIGNS OF FURTHER WEAKENING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to shake off the additional supply of vessels, an oversupply issue of grave concern that would have occured e ...
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- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
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