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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 thermal coal at US$ 127.05 per ton, which is 13.03 percent higher than January 2011 price of US$ 112.40.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The February HBA was 44.68 percent higher compared with a year earlier.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month. 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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis spot contract. (supply within 12 months).
Director General Mineral and Coal have declared today coal reference price for February 2011. The declared HBA was at US$ 127.05 per ton FOB vessel up by US$ 14.65 per ton or 13.03 percent compared with January 2011 Coal reference price.
January 2011 coal reference price was at US$ 112.40 per ton.
The declared ICPR in this month was the highest since the government starts to declare ICPR ( HBA) since February 2010. The lowest HBA was declared in April last year at US$ 86.50.
Government also declaring reference price for eight brands of Indonesia coal which are most commonly traded in the market. The price marker is used to calculate other 52 coal types with a quality similar to the coal price markers.
For term sales of above one year, the average of coal reference price for the last three months is used to set coal prices for a one-year contract.
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.
Click here for complete details of Indonesian coal reference price.(cs)
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Saturday, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal compan ...
Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal ...
Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
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- AsiaOL BioFuels Corp., Philippines
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- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
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- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Economic Council, Georgia
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- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
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- Electricity Authority, New Zealand
- India Bulls Power Limited - India
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- Orica Mining Services - Indonesia
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- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
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- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
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- The Treasury - Australian Government
- GMR Energy Limited - India
- ICICI Bank Limited - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Xindia Steels Limited - India
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- Semirara Mining Corp, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
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- Deloitte Consulting - India
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- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
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- Siam City Cement PLC, Thailand
- Australian Coal Association
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
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- White Energy Company Limited
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- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
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- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
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