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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, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- The University of Queensland
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
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