We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
|
|
|
Showing 5711 to 5715 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Australian Coal Association
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
|
| |
| |
|
