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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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- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- White Energy Company Limited
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- Price Waterhouse Coopers - Russia
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- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Eastern Coal Council - USA
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- Xindia Steels Limited - India
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- PowerSource Philippines DevCo
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- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Trasteel International SA, Italy
- Australian Coal Association
- Interocean Group of Companies - India
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- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
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- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
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- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Indian Energy Exchange, India
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- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- The University of Queensland
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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