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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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Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
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- Ministry of Transport, Egypt
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Intertek Mineral Services - Indonesia
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- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
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- Ministry of Finance - Indonesia
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- Ambuja Cements Ltd - India
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- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
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- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
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- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
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- Savvy Resources Ltd - HongKong
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- Australian Commodity Traders Exchange
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- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
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- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
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- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- India Bulls Power Limited - India
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- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
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- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
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- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Central Electricity Authority - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
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- VISA Power Limited - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
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