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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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Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
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- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- ASAPP Information Group - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Australian Coal Association
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
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