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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, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
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- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- CNBM International Corporation - China
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
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