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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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Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
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- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- PTC India Limited - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Vedanta Resources Plc - India
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