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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, 14 September 11
GOVT SETS SEPTEMBER COAL REFERENCE PRICE AT $116.26 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the September 2011 coal reference price at US$ 116.26 per ton slightly ...
Tuesday, 13 September 11
CAPITAL COSTS OF INDIAN COAL MINING PROJECT - AN ANALYST VIEW
By Mr Dipesh Dipu, Director - Consulting (Mining), Deloitte Touche Tohmatsu India Private Limited
The coal mining sector that has been opened par ...
Tuesday, 13 September 11
INDONESIAS COAL SECTOR EYES 2012 BOOM - JG
The Jakarta Globe, Indonesian English language News paper reported that, Coal production is set to surge next year as coal miners bolster their busi ...
Tuesday, 13 September 11
DRY BULK RALLY MAINTAINS MOMENTUM AT START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum at the start of the week, as the industry’s benchmark, the Baltic Dry Index (BDI) was up by 2.07% ...
Monday, 12 September 11
INDONESIAN GOVERNMENT HAS ALLOCATED MORE COAL FOR 2012
COALspot.com - Indonesian government has increased the domestic market obligation allocation to 82.07 million tons of coal for 2012, which is 4 perc ...
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- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Economic Council, Georgia
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
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