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Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.43 per ton, which is 3.63 percent lesser than February 2011 price of US$ 127.05.
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 March HBA was 41.30 percent higher Y-o-Y.
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 yesterday coal reference price for March 2011 and also Introduced two new coal brands. The declared HBA was at US$ 122.43 per ton FOB vessel drops by US$ 4.62 per ton or 3.63 percent compared with February 2011 Coal reference price.
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February 2011 coal reference price was at US$ 127.05 per ton.
The declared ICPR in this month is dropped by US$ 4.62 per mt and first dropped in last five months.
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 53 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) (updated 09/03/11 19:03)
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Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
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- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- The University of Queensland
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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