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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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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- White Energy Company Limited
- ASAPP Information Group - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
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