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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, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
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- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- VISA Power Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
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