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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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Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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- Bhatia International Limited - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Australian Coal Association
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- White Energy Company Limited
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
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