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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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Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Thai Mozambique Logistica
- Planning Commission, India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
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