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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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- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Parliament of New Zealand
- Vedanta Resources Plc - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
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