COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.


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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...


Tuesday, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...


Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...


Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...


Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore. Howeve ...


   1064 1065 1066 1067 1068   
Showing 5326 to 5330 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • KOWEPO - South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • Peabody Energy - USA
  • Platts
  • Edison Trading Spa - Italy
  • Global Business Power Corporation, Philippines
  • Clarksons - UK
  • Bangkok Bank PCL
  • Coaltrans Conferences
  • Tanito Harum - Indonesia
  • Price Waterhouse Coopers - Russia
  • Antam Resourcindo - Indonesia
  • Samsung - South Korea
  • Cebu Energy, Philippines
  • International Coal Ventures Pvt Ltd - India
  • U S Energy Resources
  • Maybank - Singapore
  • Coal India Limited
  • J M Baxi & Co - India
  • Lanco Infratech Ltd - India
  • Banpu Public Company Limited - Thailand
  • Indonesian Coal Mining Association
  • Cosco
  • Jindal Steel & Power Ltd - India
  • IMC Shipping - Singapore
  • Oldendorff Carriers - Singapore
  • Barasentosa Lestari - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Bukit Baiduri Energy - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Binh Thuan Hamico - Vietnam
  • Indika Energy - Indonesia
  • McKinsey & Co - India
  • Maruti Cements - India
  • globalCOAL - UK
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Ministry of Finance - Indonesia
  • RBS Sempra - UK
  • Electricity Authority, New Zealand
  • TeaM Sual Corporation - Philippines
  • Ind-Barath Power Infra Limited - India
  • Carbofer General Trading SA - India
  • Thai Mozambique Logistica
  • bp singapore
  • IEA Clean Coal Centre - UK
  • Ministry of Transport, Egypt
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Ince & co LLP
  • Bank of America
  • Malabar Cements Ltd - India
  • Coalindo Energy - Indonesia
  • Makarim & Taira - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Adani Power Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • DBS Bank - Singapore
  • ANZ Bank - Australia
  • Kobe Steel Ltd - Japan
  • Agrawal Coal Company - India
  • Africa Commodities Group - South Africa
  • Orica Australia Pty. Ltd.
  • Cargill India Pvt Ltd
  • Parry Sugars Refinery, India
  • IBC Asia (S) Pte Ltd
  • SN Aboitiz Power Inc, Philippines
  • GHCL Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Thomson Reuters GRC
  • Siam City Cement - Thailand
  • Leighton Contractors Pty Ltd - Australia
  • Tamil Nadu electricity Board
  • Noble Europe Ltd - UK
  • PetroVietnam
  • MEC Coal - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Marubeni Corporation - India
  • Adaro Indonesia
  • Maheswari Brothers Coal Limited - India
  • The India Cements Ltd
  • The University of Queensland
  • Bukit Makmur.PT - Indonesia
  • Indian Oil Corporation Limited
  • KEPCO - South Korea
  • World Coal - UK
  • Karbindo Abesyapradhi - Indoneisa
  • Bharathi Cement Corporation - India
  • Global Coal Blending Company Limited - Australia
  • Inco-Indonesia
  • The State Trading Corporation of India Ltd
  • SUEK AG - Indonesia
  • Pinang Coal Indonesia
  • Panama Canal Authority
  • Vedanta Resources Plc - India
  • Bank of China, Malaysia
  • Deloitte Consulting - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Commonwealth Bank - Australia
  • Standard Chartered Bank - UAE
  • Meralco Power Generation, Philippines
  • Australian Coal Association
  • Billiton Holdings Pty Ltd - Australia
  • OPG Power Generation Pvt Ltd - India
  • Indorama - Singapore
  • NALCO India
  • CNBM International Corporation - China
  • Malco - India
  • PTC India Limited - India
  • Baramulti Group, Indonesia
  • Planning Commission, India
  • Chamber of Mines of South Africa
  • Coeclerici Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • Thermax Limited - India
  • Indogreen Group - Indonesia
  • Formosa Plastics Group - Taiwan
  • Riau Bara Harum - Indonesia
  • PLN - Indonesia
  • Tata Chemicals Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Larsen & Toubro Limited - India
  • Ambuja Cements Ltd - India
  • Indian School of Mines
  • Bhushan Steel Limited - India
  • EIA - United States
  • Trasteel International SA, Italy
  • VISA Power Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Geoservices-GeoAssay Lab
  • Intertek Mineral Services - Indonesia
  • The Treasury - Australian Government
  • Reliance Power - India
  • TRAFIGURA, South Korea
  • Glencore India Pvt. Ltd
  • Attock Cement Pakistan Limited
  • Merrill Lynch Bank
  • OCBC - Singapore
  • Total Coal South Africa
  • TGV SRAAC LIMITED, India
  • Mjunction Services Limited - India
  • Xstrata Coal
  • Coal and Oil Company - UAE
  • HSBC - Hong Kong
  • Eastern Coal Council - USA
  • Singapore Mercantile Exchange
  • Coastal Gujarat Power Limited - India
  • Bangladesh Power Developement Board
  • Petrosea - Indonesia
  • JPower - Japan
  • Aboitiz Power Corporation - Philippines
  • SMC Global Power, Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Interocean Group of Companies - India
  • SRK Consulting
  • WorleyParsons
  • Karaikal Port Pvt Ltd - India
  • Videocon Industries ltd - India
  • Economic Council, Georgia
  • Mitsui
  • Energy Link Ltd, New Zealand
  • Krishnapatnam Port Company Ltd. - India
  • Jorong Barutama Greston.PT - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Eastern Energy - Thailand
  • Mitra SK Pvt Ltd - India
  • Metalloyd Limited - United Kingdom
  • Tata Power - India
  • Mitsubishi Corporation
  • Platou - Singapore
  • Petron Corporation, Philippines
  • Vizag Seaport Private Limited - India
  • Japan Coal Energy Center
  • Mechel - Russia
  • Indo Tambangraya Megah - Indonesia
  • Straits Asia Resources Limited - Singapore
  • GNFC Limited - India
  • Core Mineral Indonesia
  • CESC Limited - India
  • Humpuss - Indonesia
  • PLN Batubara - Indonesia
  • South Luzon Thermal Energy Corporation
  • Savvy Resources Ltd - HongKong
  • Bulk Trading Sa - Switzerland
  • ICICI Bank Limited - India
  • Electricity Generating Authority of Thailand
  • Posco Energy - South Korea
  • Medco Energi Mining Internasional
  • Infraline Energy - India
  • McConnell Dowell - Australia
  • Kumho Petrochemical, South Korea
  • Cemex - Philippines
  • Sojitz Corporation - Japan
  • Dalmia Cement Bharat India
  • GB Group - China
  • Permata Bank - Indonesia
  • Arch Coal - USA
  • PowerSource Philippines DevCo
  • Cement Manufacturers Association - India
  • SGS (Thailand) Limited
  • Therma Luzon, Inc, Philippines
  • Altura Mining Limited, Indonesia
  • Salva Resources Pvt Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Samtan Co., Ltd - South Korea
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • ACC Limited - India
  • GMR Energy Limited - India
  • ING Bank NV - Singapore
  • Aditya Birla Group - India
  • KPCL - India
  • Russian Coal LLC
  • Timah Investasi Mineral - Indoneisa
  • Australian Commodity Traders Exchange
  • Arutmin Indonesia
  • Asian Development Bank
  • Anglo American - United Kingdom
  • World Bank
  • Bhoruka Overseas - Indonesia
  • MS Steel International - UAE
  • Energy Development Corp, Philippines
  • Directorate Of Revenue Intelligence - India
  • PNOC Exploration Corporation - Philippines
  • NTPC Limited - India
  • European Bulk Services B.V. - Netherlands
  • Petrochimia International Co. Ltd.- Taiwan
  • Vitol - Bahrain
  • Indian Energy Exchange, India
  • CIMB Investment Bank - Malaysia
  • PetroVietnam Power Coal Import and Supply Company
  • BRS Brokers - Singapore
  • JPMorgan - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • San Jose City I Power Corp, Philippines
  • Uttam Galva Steels Limited - India
  • IOL Indonesia
  • Maersk Broker
  • UBS Singapore
  • TNPL - India
  • SASOL - South Africa
  • ETA - Dubai
  • London Commodity Brokers - England
  • Fearnleys - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Goldman Sachs - Singapore
  • Central Electricity Authority - India
  • Thailand Anthracite
  • Georgia Ports Authority, United States
  • Wood Mackenzie - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Thriveni
  • Surastha Cement
  • Sical Logistics Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Inspectorate - India
  • Credit Suisse - India
  • Lafarge - France
  • Borneo Indobara - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Argus Media - Singapore
  • Latin American Coal - Colombia
  • Independent Power Producers Association of India
  • Sinarmas Energy and Mining - Indonesia
  • Sucofindo - Indonesia
  • CoalTek, United States
  • Romanian Commodities Exchange
  • Semirara Mining and Power Corporation, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • India Bulls Power Limited - India
  • Freeport Indonesia
  • Iligan Light & Power Inc, Philippines
  • Simpson Spence & Young - Indonesia
  • SMG Consultants - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Coal Orbis AG
  • Gresik Semen - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Siam City Cement PLC, Thailand
  • Shree Cement - India
  • Indonesia Power. PT
  • Barclays Capital - USA
  • Qatrana Cement - Jordan
  • Ernst & Young Pvt. Ltd.
  • Sree Jayajothi Cements Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Berau Coal - Indonesia
  • Essar Steel Hazira Ltd - India
  • Moodys - Singapore
  • CCIC - Indonesia
  • Semirara Mining Corp, Philippines
  • TANGEDCO India
  • New Zealand Coal & Carbon
  • Kaltim Prima Coal - Indonesia
  • GVK Power & Infra Limited - India
  • White Energy Company Limited
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • ASAPP Information Group - India
  • Xindia Steels Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • Vale Mozambique
  • KPMG - USA
  • Orica Mining Services - Indonesia
  • Deutsche Bank - India
  • Shenhua Group - China
  • Grasim Industreis Ltd - India
  • Bhatia International Limited - India
  • Star Paper Mills Limited - India
  • Thiess Contractors Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Sindya Power Generating Company Private Ltd
  • Power Finance Corporation Ltd., India
  • Renaissance Capital - South Africa
  • Kartika Selabumi Mining - Indonesia
  • Minerals Council of Australia
  • Toyota Tsusho Corporation, Japan
  • Heidelberg Cement - Germany
  • Asia Cement - Taiwan
  • Mercator Lines Limited - India
  • Idemitsu - Japan
  • Rashtriya Ispat Nigam Limited - India
  • Meenaskhi Energy Private Limited - India
  • Sakthi Sugars Limited - India
  • Runge Indonesia
  • UOB Asia (HK) Ltd
  • Cardiff University - UK
  • Miang Besar Coal Terminal - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Enel Italy
  • Wilmar Investment Holdings
  • EMO - The Netherlands
  • Mercuria Energy - Indonesia
  • Jaiprakash Power Ventures ltd
  • Mintek Dendrill Indonesia
  • APGENCO India
  • Merrill Lynch Commodities Europe
  • BNP Paribas - Singapore
  • Gupta Coal India Ltd
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Britmindo - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Parliament of New Zealand
  • Kideco Jaya Agung - Indonesia
  • Port Waratah Coal Services - Australia
  • Kapuas Tunggal Persada - Indonesia
  • Jatenergy - Australia
  • Gujarat Sidhee Cement - India
  • Rudhra Energy - India
  • Kepco SPC Power Corporation, Philippines
  • Ministry of Mines - Canada
  • Madhucon Powers Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Rio Tinto Coal - Australia
  • Manunggal Multi Energi - Indonesia
  • Central Java Power - Indonesia