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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
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 June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid 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 coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
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- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
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