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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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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- The University of Queensland
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
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