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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, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
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- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
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