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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, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
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Showing 6226 to 6230 news of total 6871 |
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- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- The University of Queensland
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
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