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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, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- Banpu Public Company Limited - Thailand
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- CNBM International Corporation - China
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- Economic Council, Georgia
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- Kideco Jaya Agung - Indonesia
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- Chamber of Mines of South Africa
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- White Energy Company Limited
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- Sojitz Corporation - Japan
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- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- PTC India Limited - India
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- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
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- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
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- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
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- Wilmar Investment Holdings
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- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
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- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
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- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
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- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
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- Parliament of New Zealand
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
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- Mintek Dendrill Indonesia
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- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Metalloyd Limited - United Kingdom
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- Electricity Generating Authority of Thailand
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- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
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- GMR Energy Limited - India
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- Australian Commodity Traders Exchange
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- Goldman Sachs - Singapore
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- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
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- Indonesian Coal Mining Association
- Sical Logistics Limited - India
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