We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
|
|
|
Showing 6061 to 6065 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Economic Council, Georgia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
|
| |
| |
|
