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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, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
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- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
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