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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, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
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- Central Java Power - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
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- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
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- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Australian Coal Association
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- Indian Oil Corporation Limited
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- Interocean Group of Companies - India
- Electricity Authority, New Zealand
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- Metalloyd Limited - United Kingdom
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- Petron Corporation, Philippines
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- Eastern Coal Council - USA
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- GMR Energy Limited - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
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- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Planning Commission, India
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- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
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- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
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- Samtan Co., Ltd - South Korea
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- Mintek Dendrill Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
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- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
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- GVK Power & Infra Limited - India
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- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
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- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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