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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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Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
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- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
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