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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0.79 lesser than June 2011 Price.
This coal benchmark price was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 July 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.33 percent higher Y-o-Y.
The price was only valid for spot price, while as for term price, the average referance price (HPB) of the previous 3 months.(50% of last month HPB, 30% of a month earlier HPB and 20% of two months earlier HPB) for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian government also drafting a regulation to ban coal with calorific value below 5100 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crishing, blending and upgrading to have higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
Indonesian physical coal prices also seem to be soft this week due to less demand from chinese buyers. Coal miner PT Bayan Resources Tbk, has recently entered into a conditional sales and purchase agreement to supply 100 million metric tons of low sulphur coal for 15 years commencing on 2015 to an Indian company.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Australian Coal Association
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
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