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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
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