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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, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- Essar Steel Hazira Ltd - India
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- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
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- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
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