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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, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- The University of Queensland
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
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