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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, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- VISA Power Limited - India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
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- Marubeni Corporation - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
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- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
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- Price Waterhouse Coopers - Russia
- The University of Queensland
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- Kaltim Prima Coal - Indonesia
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- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Medco Energi Mining Internasional
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- Central Java Power - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
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- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
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