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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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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Economic Council, Georgia
- White Energy Company Limited
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
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