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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, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
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