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
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON


COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.02 per ton, which was 0.33 percent lesser than March 2011 price of US$ 122.43.

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 April HBA was 41.06  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  and applicable for spot contract, delivery within 1 - 30 April 2011. Any deliver of cargo after 30 April, must be used May 2011 HPB unless the deliveries fall under term contract.

Director General Mineral and Coal have declared today coal reference price for April  2011. The declared HBA was at US$ 122.02 per ton FOB vessel a marginal drop of US$ 0.41 per ton or down 0.33 percent compared with March 2011 Coal reference price. Government has taken around eighteen days to release April HBA and also done some significant changes in formulas to determine coal prices for Indonesian coals.

March 2011 coal reference price was at US$ 122.43  per ton.

The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the second continues drop since March 2011.

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 53 coal types with a quality similar to the coal price markers.

For sales in the barge, the reference price is reduced by barging and transshipment costs from the barge to the 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 prices since Feb 2010.(cs)



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

Recent News

Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...


Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...


Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...


Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...


Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...


   1051 1052 1053 1054 1055   
Showing 5261 to 5265 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 ...

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