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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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Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
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- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Planning Commission, India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- The University of Queensland
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Australian Coal Association
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
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