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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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Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
Tuesday, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
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- SN Aboitiz Power Inc, Philippines
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- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
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- Electricity Authority, New Zealand
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- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
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- The University of Queensland
- Bhoruka Overseas - Indonesia
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- Tata Chemicals Ltd - India
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- Georgia Ports Authority, United States
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- Planning Commission, India
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- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
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- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
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- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
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- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Vedanta Resources Plc - India
- White Energy Company Limited
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- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
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- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
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- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
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- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
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- AsiaOL BioFuels Corp., Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
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- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
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- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
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