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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, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- White Energy Company Limited
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
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