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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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- The University of Queensland
- Indika Energy - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- MS Steel International - UAE
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
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