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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, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
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- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- GMR Energy Limited - India
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