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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, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
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- PowerSource Philippines DevCo
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- Globalindo Alam Lestari - Indonesia
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- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
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- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
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- Indian Oil Corporation Limited
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
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- Standard Chartered Bank - UAE
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- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
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- Alfred C Toepfer International GmbH - Germany
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- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
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- Bangladesh Power Developement Board
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- Jorong Barutama Greston.PT - Indonesia
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- Metalloyd Limited - United Kingdom
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- The Treasury - Australian Government
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- Global Business Power Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
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- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
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- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
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- Siam City Cement PLC, Thailand
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- Goldman Sachs - Singapore
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- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
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- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Australian Coal Association
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- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
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- Attock Cement Pakistan Limited
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- Australian Commodity Traders Exchange
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- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
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- Samtan Co., Ltd - South Korea
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
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- Sical Logistics Limited - India
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- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
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