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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, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- Gujarat Mineral Development Corp Ltd - India
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- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
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- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
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- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
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- Coal and Oil Company - UAE
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- Ind-Barath Power Infra Limited - India
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- Orica Mining Services - Indonesia
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- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
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- Ministry of Finance - Indonesia
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- McConnell Dowell - Australia
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- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
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- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
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- VISA Power Limited - India
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- Dalmia Cement Bharat India
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- Attock Cement Pakistan Limited
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- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
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- Gujarat Electricity Regulatory Commission - India
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- London Commodity Brokers - England
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- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
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- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
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- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
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- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
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- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Minerals Council of Australia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
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- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
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- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
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