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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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Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...
Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...
Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...
Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points.
In May 2010 the BDI touched 4,209 ...
Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
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- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- The University of Queensland
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Planning Commission, India
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