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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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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- The University of Queensland
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
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- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
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