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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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Tuesday, 13 October 09
INDIA INTERESTED IN AMERICAN COAL
UPI reported that, Coal India Ltd. in its global expansion efforts is now interested in coal properties in the United States.
The Business Standard ...
Tuesday, 13 October 09
RIVERSDALE MAY USE ZAMBEZI RIVER TO TRANSPORT MOZAMBIQUE COAL
Mining Weekly reported that, ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental-impact study (EIS) for it ...
Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal ...
Monday, 12 October 09
BISICHI MINING FINALIZES COAL SUPPLY CONTRACT FOR 2010-2012
Small Cap News reported that, Bisichi, the South Africa based coal mining group, has agreed a three year coal supply contract between its principal ...
Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Co ...
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- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
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