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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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Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...
Tuesday, 01 November 11
DRY BULK MARKETS CORRECTION SPILLS OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...
Monday, 31 October 11
CHINAS HUNGER FOR INDONESIAN COAL AT THREE YEAR-HIGH AS WINTER NEARS - JOSEPH KIRSCHKE
COALspot.com - Chinese demand for power-station coal from Indonesia has soared to its highest level in three years, as central heating plants and po ...
Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 mill ...
Saturday, 29 October 11
INDONESIA TO INDIA FREIGHT LIKELY TO REMAIN SOFT
COALspot.com - The market continued to slow down and all segment were down this week.
The biggest drop was in the Cape Index down by 8.19 pct&nbs ...
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Showing 5001 to 5005 news of total 6871 |
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- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- The University of Queensland
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Australian Coal Association
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
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