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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, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- The University of Queensland
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Australian Coal Association
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Sical Logistics Limited - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
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