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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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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. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
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- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
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