COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...


Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market. However the BDI continued the upward trend mainly due ...


Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...


Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...


Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...


   1124 1125 1126 1127 1128   
Showing 5626 to 5630 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • ETA - Dubai
  • IBC Asia (S) Pte Ltd
  • KOWEPO - South Korea
  • Panama Canal Authority
  • Deloitte Consulting - India
  • Peabody Energy - USA
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Argus Media - Singapore
  • Leighton Contractors Pty Ltd - Australia
  • PLN - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Wood Mackenzie - Singapore
  • White Energy Company Limited
  • Borneo Indobara - Indonesia
  • Banpu Public Company Limited - Thailand
  • LBH Netherlands Bv - Netherlands
  • Metalloyd Limited - United Kingdom
  • Platou - Singapore
  • Xstrata Coal
  • Samsung - South Korea
  • Planning Commission, India
  • PowerSource Philippines DevCo
  • Sucofindo - Indonesia
  • IMC Shipping - Singapore
  • Mitra SK Pvt Ltd - India
  • Port Waratah Coal Services - Australia
  • GNFC Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • SMG Consultants - Indonesia
  • ACC Limited - India
  • IHS Mccloskey Coal Group - USA
  • Orica Australia Pty. Ltd.
  • Platts
  • GB Group - China
  • Electricity Generating Authority of Thailand
  • International Coal Ventures Pvt Ltd - India
  • Singapore Mercantile Exchange
  • Savvy Resources Ltd - HongKong
  • The India Cements Ltd
  • Mercator Lines Limited - India
  • GHCL Limited - India
  • Cardiff University - UK
  • TNB Fuel Sdn Bhd - Malaysia
  • Enel Italy
  • Attock Cement Pakistan Limited
  • Videocon Industries ltd - India
  • ANZ Bank - Australia
  • Eastern Energy - Thailand
  • CNBM International Corporation - China
  • Reliance Power - India
  • Semirara Mining Corp, Philippines
  • Thomson Reuters GRC
  • ING Bank NV - Singapore
  • UBS Singapore
  • Uttam Galva Steels Limited - India
  • Electricity Authority, New Zealand
  • Shenhua Group - China
  • Gujarat Sidhee Cement - India
  • Aboitiz Power Corporation - Philippines
  • Bhushan Steel Limited - India
  • Formosa Plastics Group - Taiwan
  • Bukit Makmur.PT - Indonesia
  • Mintek Dendrill Indonesia
  • Ind-Barath Power Infra Limited - India
  • Coeclerici Indonesia
  • Sindya Power Generating Company Private Ltd
  • Bank of America
  • Japan Coal Energy Center
  • bp singapore
  • Kobe Steel Ltd - Japan
  • EIA - United States
  • Barasentosa Lestari - Indonesia
  • Xindia Steels Limited - India
  • Bharathi Cement Corporation - India
  • Berau Coal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Merrill Lynch Commodities Europe
  • APGENCO India
  • Infraline Energy - India
  • Kumho Petrochemical, South Korea
  • SASOL - South Africa
  • Thiess Contractors Indonesia
  • Economic Council, Georgia
  • U S Energy Resources
  • TNPL - India
  • Shree Cement - India
  • Ceylon Electricity Board - Sri Lanka
  • Maruti Cements - India
  • European Bulk Services B.V. - Netherlands
  • Thailand Anthracite
  • Toyota Tsusho Corporation, Japan
  • CIMB Investment Bank - Malaysia
  • Mjunction Services Limited - India
  • Africa Commodities Group - South Africa
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Maharashtra Electricity Regulatory Commission - India
  • Indian Energy Exchange, India
  • AsiaOL BioFuels Corp., Philippines
  • PLN Batubara - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Bank of China, Malaysia
  • Indogreen Group - Indonesia
  • JPower - Japan
  • Bangkok Bank PCL
  • Ministry of Mines - Canada
  • Global Business Power Corporation, Philippines
  • GVK Power & Infra Limited - India
  • Essar Steel Hazira Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Petrosea - Indonesia
  • UOB Asia (HK) Ltd
  • PetroVietnam
  • Lanco Infratech Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Sarangani Energy Corporation, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • Tata Chemicals Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Gujarat Mineral Development Corp Ltd - India
  • Power Finance Corporation Ltd., India
  • Marubeni Corporation - India
  • Posco Energy - South Korea
  • Coal India Limited
  • Indian School of Mines
  • Meralco Power Generation, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Coal and Oil Company - UAE
  • CoalTek, United States
  • HSBC - Hong Kong
  • Latin American Coal - Colombia
  • Moodys - Singapore
  • CCIC - Indonesia
  • Rio Tinto Coal - Australia
  • Global Green Power PLC Corporation, Philippines
  • Karaikal Port Pvt Ltd - India
  • Petron Corporation, Philippines
  • San Jose City I Power Corp, Philippines
  • DBS Bank - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Indonesia Power. PT
  • PTC India Limited - India
  • TGV SRAAC LIMITED, India
  • Anglo American - United Kingdom
  • The Treasury - Australian Government
  • KEPCO - South Korea
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Larsen & Toubro Limited - India
  • Tata Power - India
  • Makarim & Taira - Indonesia
  • Ince & co LLP
  • Ambuja Cements Ltd - India
  • Cemex - Philippines
  • Energy Development Corp, Philippines
  • Bhatia International Limited - India
  • Tanito Harum - Indonesia
  • ASAPP Information Group - India
  • Commonwealth Bank - Australia
  • Ernst & Young Pvt. Ltd.
  • Georgia Ports Authority, United States
  • Indonesian Coal Mining Association
  • Jorong Barutama Greston.PT - Indonesia
  • Thai Mozambique Logistica
  • MS Steel International - UAE
  • Merrill Lynch Bank
  • Britmindo - Indonesia
  • Surastha Cement
  • Malco - India
  • Indian Oil Corporation Limited
  • New Zealand Coal & Carbon
  • Krishnapatnam Port Company Ltd. - India
  • IOL Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Sree Jayajothi Cements Limited - India
  • Samtan Co., Ltd - South Korea
  • CESC Limited - India
  • Jindal Steel & Power Ltd - India
  • The State Trading Corporation of India Ltd
  • Vitol - Bahrain
  • Bhoruka Overseas - Indonesia
  • Parliament of New Zealand
  • GAC Shipping (India) Pvt Ltd
  • Barclays Capital - USA
  • Maybank - Singapore
  • BNP Paribas - Singapore
  • Globalindo Alam Lestari - Indonesia
  • J M Baxi & Co - India
  • Cigading International Bulk Terminal - Indonesia
  • Simpson Spence & Young - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • NTPC Limited - India
  • Runge Indonesia
  • ICICI Bank Limited - India
  • Australian Commodity Traders Exchange
  • Central Java Power - Indonesia
  • Chamber of Mines of South Africa
  • BRS Brokers - Singapore
  • Madhucon Powers Ltd - India
  • The University of Queensland
  • TANGEDCO India
  • Siam City Cement PLC, Thailand
  • Coaltrans Conferences
  • Eastern Coal Council - USA
  • Aditya Birla Group - India
  • Mechel - Russia
  • Jatenergy - Australia
  • Fearnleys - India
  • Core Mineral Indonesia
  • Medco Energi Mining Internasional
  • EMO - The Netherlands
  • Adani Power Ltd - India
  • Kartika Selabumi Mining - Indonesia
  • Goldman Sachs - Singapore
  • Kaltim Prima Coal - Indonesia
  • Mitsubishi Corporation
  • Renaissance Capital - South Africa
  • Bulk Trading Sa - Switzerland
  • Directorate Of Revenue Intelligence - India
  • Dalmia Cement Bharat India
  • Kapuas Tunggal Persada - Indonesia
  • Riau Bara Harum - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Kideco Jaya Agung - Indonesia
  • Star Paper Mills Limited - India
  • Agrawal Coal Company - India
  • Sinarmas Energy and Mining - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Jaiprakash Power Ventures ltd
  • Sakthi Sugars Limited - India
  • Cosco
  • Coalindo Energy - Indonesia
  • Inco-Indonesia
  • Romanian Commodities Exchange
  • Arch Coal - USA
  • Russian Coal LLC
  • Geoservices-GeoAssay Lab
  • Minerals Council of Australia
  • Maheswari Brothers Coal Limited - India
  • Mercuria Energy - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Maersk Broker
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Tamil Nadu electricity Board
  • Directorate General of MIneral and Coal - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Australian Coal Association
  • Indika Energy - Indonesia
  • Asian Development Bank
  • OCBC - Singapore
  • Gresik Semen - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • NALCO India
  • Thriveni
  • TeaM Sual Corporation - Philippines
  • Idemitsu - Japan
  • Altura Mining Limited, Indonesia
  • Lafarge - France
  • Alfred C Toepfer International GmbH - Germany
  • WorleyParsons
  • McConnell Dowell - Australia
  • Parry Sugars Refinery, India
  • GN Power Mariveles Coal Plant, Philippines
  • Trasteel International SA, Italy
  • Neyveli Lignite Corporation Ltd, - India
  • Cebu Energy, Philippines
  • Wilmar Investment Holdings
  • Timah Investasi Mineral - Indoneisa
  • TRAFIGURA, South Korea
  • Baramulti Group, Indonesia
  • Binh Thuan Hamico - Vietnam
  • Gujarat Electricity Regulatory Commission - India
  • Qatrana Cement - Jordan
  • Permata Bank - Indonesia
  • Clarksons - UK
  • India Bulls Power Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Inspectorate - India
  • Straits Asia Resources Limited - Singapore
  • South Luzon Thermal Energy Corporation
  • SGS (Thailand) Limited
  • Arutmin Indonesia
  • Independent Power Producers Association of India
  • McKinsey & Co - India
  • Sojitz Corporation - Japan
  • Pinang Coal Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Humpuss - Indonesia
  • Standard Chartered Bank - UAE
  • Kalimantan Lumbung Energi - Indonesia
  • Central Electricity Authority - India
  • Heidelberg Cement - Germany
  • Freeport Indonesia
  • PNOC Exploration Corporation - Philippines
  • IEA Clean Coal Centre - UK
  • Grasim Industreis Ltd - India
  • SRK Consulting
  • Indorama - Singapore
  • Cargill India Pvt Ltd
  • Vale Mozambique
  • Thermax Limited - India
  • SMC Global Power, Philippines
  • VISA Power Limited - India
  • Sical Logistics Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Coastal Gujarat Power Limited - India
  • Ministry of Finance - Indonesia
  • Antam Resourcindo - Indonesia
  • KPMG - USA
  • RBS Sempra - UK
  • World Bank
  • Interocean Group of Companies - India
  • Cement Manufacturers Association - India
  • Adaro Indonesia
  • Therma Luzon, Inc, Philippines
  • Vizag Seaport Private Limited - India
  • World Coal - UK
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Meenaskhi Energy Private Limited - India
  • globalCOAL - UK
  • Energy Link Ltd, New Zealand
  • Glencore India Pvt. Ltd
  • Deutsche Bank - India
  • Price Waterhouse Coopers - Russia
  • SUEK AG - Indonesia
  • Coal Orbis AG
  • Orica Mining Services - Indonesia
  • GMR Energy Limited - India
  • Rudhra Energy - India
  • Siam City Cement - Thailand
  • Ministry of Transport, Egypt
  • Salva Resources Pvt Ltd - India
  • Malabar Cements Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Vedanta Resources Plc - India
  • Carbofer General Trading SA - India
  • Karbindo Abesyapradhi - Indoneisa
  • London Commodity Brokers - England
  • Intertek Mineral Services - Indonesia
  • Total Coal South Africa
  • Credit Suisse - India
  • JPMorgan - India
  • KPCL - India
  • Edison Trading Spa - Italy
  • MEC Coal - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Mitsui
  • Gupta Coal India Ltd
  • Bangladesh Power Developement Board
  • Asia Cement - Taiwan
  • Noble Europe Ltd - UK
  • Oldendorff Carriers - Singapore