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Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
 COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,400 kilocalories per kg. The director general for minerals and coal at the Energy and Mineral Resources Ministry of Indonesia, Thamrin Sihite, on behalf of PT Coalindo Energy has officially launched ICI 5 ( 3400 GAR) on 10 November 2011.
“Currently, we don’t have a market for coal with a calorific value of around 3,000 kcal/kg in the country. However, in the future, there will be more coal-fired power plants built to use low-rank coal, such as the one in Pendopo, South Sumatra, which is owned by DH Energy,” Coalindo’s president director Supriatna Suhala said, as quoted by The Jakarta Post.
PLN, state owned electricity company and the largest consumer of coal in Indonesia wants the ICI 5, which is intended for LRC reference price, should be designed differently as to reflect the domestic price, preferred to be based on cost plus margin approach.
Coalindo is also releasing weekly indexes for other rank coals, such as ICI-1 for 6,500 kcal/kg, ICI-2 for 5,800 kcal/kg, ICI-3 for 5,000 kcal/kg, and ICI-4 for 4,200 kcal/kg.
The methodology used by Coalindo in determining prices is determined by a panel comprising coal producers, buyers, traders and brokers. ICI index is a basket index of Argus (50%) and Coalindo (50%). Argus’s assessment is based on weighted average of deals, as well as bids and offers.
Indonesia’s coal reserves with calorific values 3000 – 3800 kcal/kg on arb basis with TM 50 percent plus the amount to 10 billion tons, according to a presentation presented during launching of ICI 5.
India was the largest buyer of coal with calorific values between 3,800 and 4,000 kcal/kg on arb basis.
According to Thamrin Sihite, the director general for minerals and coal at the Energy and Mineral Resources Ministry of Indonesia, the country’s target is to produce 327 million tons of coal in 2011, comprising 35 million tons of low-rank coal (3,800 – 4,500 kcal/kg); 198 million tons of medium-rank coal (4,900 – 5,200 kcal/kg); and 94 million tons of high-rank coal (5,700 – 6,000 kcal/kg).
Coal production is set for 2012 is 332 million tons, comprising 29.3 million tons of low-rank; 191.6 million tons of medium-rank; and 111.1 million tons of high-rank.
In 2013, production is targeted at 337 million tons, comprising 29.7 million tons of low-rank; 194.5 million tons of medium-rank; and 112.8 million tons of high-rank. In 2014, production is targeted at 342 million tons, comprising 30.2 million tons of LRC; 197.4 million tons of MRC; and 114.4 million tons of HRC.
The director general for minerals said the government would use the ICI-5 to determine the Indonesian Coal Reference Price (HBA/HPB) for low rank coal. If the index [ICI-5] fulfills the criteria of the market, we’ll receive higher royalties (because more mining companies will produce low-rank coal). That’s why we’ll use the index”, as quoted by the Jakarta post.
“In future Indonesia may have two HBA for coal, one for high rank to medium rank coal and another for low rank coal”, Sihite said during launching ceremony.
Recently, the government has proposed to introduce export ban for the coal which is below 5700 kcal/kg on ADB by 2014.
As the director general for minerals and coal has launched (on behalf of PT. Coalindo Energy) the index for 3400 gar coal, it is not clear that, whether government has dropped its plan to ban (export) 5700 below coal by 2014, or planning to revise the minimum permissible calorific value for export.
Indonesian government has set benchmark price for November at US$ 116.65 which is 2.2 percent below October price.
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Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
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- Australian Coal Association
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- The Treasury - Australian Government
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
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