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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, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- Indonesian Coal Mining Association
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- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
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- Minerals Council of Australia
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- SMG Consultants - Indonesia
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- Billiton Holdings Pty Ltd - Australia
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- The Treasury - Australian Government
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- Energy Link Ltd, New Zealand
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- Global Business Power Corporation, Philippines
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- Coalindo Energy - Indonesia
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- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- The University of Queensland
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- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
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- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
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- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
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- Standard Chartered Bank - UAE
- White Energy Company Limited
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
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- Independent Power Producers Association of India
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- VISA Power Limited - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
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- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
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- Mintek Dendrill Indonesia
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- ASAPP Information Group - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
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- Mjunction Services Limited - India
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- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
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- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
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- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
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- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
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- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Madhucon Powers Ltd - India
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- Indian Oil Corporation Limited
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