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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, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...
Sunday, 18 April 21
WORLDSTEEL RAISES 2021 STEEL DEMAND GROWTH FORECAST TO 5.8% - WORLDSTEEL
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand wil ...
Sunday, 18 April 21
CHINA'S Q1 COAL OUTPUT RISES 16% ON STRONG DEMAND FOR WINTER HEATING - REUTERS
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust in ...
Wednesday, 14 April 21
INDIA HAS A RECORD LEVEL OF STOCKPILED COAL DAMPENING NEED FOR NEW DOMESTIC MINES - IEEFA
Proposed coal mining expansions at odds with excess supply
India has stockpiled a record 132 million tonnes of coal – enough t ...
Wednesday, 14 April 21
BANGLADESH NEEDS A RENEWABLES FOCUS, NOT A SWITCH FROM 'COAL TO GAS' - IEEFA
Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations
The emerg ...
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- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- The Treasury - Australian Government
- London Commodity Brokers - England
- Parliament of New Zealand
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
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