We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
|
|
|
Showing 5466 to 5470 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- White Energy Company Limited
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- The University of Queensland
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Planning Commission, India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Australian Coal Association
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
|
| |
| |
|
