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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, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
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