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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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Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- The University of Queensland
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
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