We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 10 September 11
THE FREIGHT MARKET LIKELY TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued the upward trend during last week with BDI crossing 1,800 points and closing at 1,838 points up by 5.63 ...
Friday, 09 September 11
SUPRA BARA SECURES $20 MILLION LOAN - JP
The Jakarta Post reported that, Coal miner PT Supra Bara Energi says it has secured a US$20 million loan facility from BNP Paribas to buy heavy equi ...
Friday, 09 September 11
CAPESIZE CAN SECURE USD 17-18K SHORT PERIOD - FEARNBULK
Handy
The US Gulf has remained relatively steady, slightly more activity in the South Atlantic with owners aiming for low to mid USD 20k´s f ...
Thursday, 08 September 11
UKRAINES COAL PRODUCTION TO RISE 8% - IFANDP
Industrial fuels & power reported that, Ukraine will increase its coal output by about 8% this year compared to last year, said the country&rsqu ...
Thursday, 08 September 11
DRY BULK MARKETS RALLY COMES TO AN END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected by analysts and shipbrokers alike, the latest rally of the dry bulk market came to a halt yesterday, with the Baltic Dry Inde ...
|
|
|
Showing 5091 to 5095 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
|
| |
| |
|
