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, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
|
|
|
Showing 5811 to 5815 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- White Energy Company Limited
- PTC India Limited - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
|
| |
| |
|
