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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, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Planning Commission, India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
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