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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, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a U ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
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- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Indika Energy - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
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