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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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- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
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