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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, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- PTC India Limited - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
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