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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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Thursday, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Central Electricity Authority - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
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