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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, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- VISA Power Limited - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Parliament of New Zealand
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- The University of Queensland
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
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