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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, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
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- Oldendorff Carriers - Singapore
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- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
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- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Australian Coal Association
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- Energy Link Ltd, New Zealand
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- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
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- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
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- White Energy Company Limited
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Medco Energi Mining Internasional
- Deloitte Consulting - India
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- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
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- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
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- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- The University of Queensland
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- VISA Power Limited - India
- Trasteel International SA, Italy
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- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
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- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
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- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Planning Commission, India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
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