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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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Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
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- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- White Energy Company Limited
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