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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, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
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