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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, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
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- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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