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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, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
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- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- The University of Queensland
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- MS Steel International - UAE
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
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