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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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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Planning Commission, India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
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