COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...


Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG,  the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...


Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...


Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...


Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX). The listing followed the company's p ...


   1321 1322 1323 1324 1325   
Showing 6611 to 6615 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Coaltrans Conferences
  • ACC Limited - India
  • Runge Indonesia
  • Indian Oil Corporation Limited
  • Glencore India Pvt. Ltd
  • Thriveni
  • GVK Power & Infra Limited - India
  • UBS Singapore
  • Bhatia International Limited - India
  • Jaiprakash Power Ventures ltd
  • NALCO India
  • ETA - Dubai
  • Sinarmas Energy and Mining - Indonesia
  • Gresik Semen - Indonesia
  • Platts
  • Bulk Trading Sa - Switzerland
  • Kohat Cement Company Ltd. - Pakistan
  • Parry Sugars Refinery, India
  • Anglo American - United Kingdom
  • Japan Coal Energy Center
  • Banpu Public Company Limited - Thailand
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cosco
  • APGENCO India
  • Planning Commission, India
  • Pendopo Energi Batubara - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Wood Mackenzie - Singapore
  • Cebu Energy, Philippines
  • PTC India Limited - India
  • Arch Coal - USA
  • Globalindo Alam Lestari - Indonesia
  • Grasim Industreis Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Ambuja Cements Ltd - India
  • Uttam Galva Steels Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Maybank - Singapore
  • Fearnleys - India
  • UOB Asia (HK) Ltd
  • New Zealand Coal & Carbon
  • Heidelberg Cement - Germany
  • Kalimantan Lumbung Energi - Indonesia
  • Indian Energy Exchange, India
  • Global Coal Blending Company Limited - Australia
  • Marubeni Corporation - India
  • SGS (Thailand) Limited
  • Inspectorate - India
  • MS Steel International - UAE
  • Australian Commodity Traders Exchange
  • Straits Asia Resources Limited - Singapore
  • Ministry of Transport, Egypt
  • Maheswari Brothers Coal Limited - India
  • Russian Coal LLC
  • Samsung - South Korea
  • Energy Link Ltd, New Zealand
  • Coalindo Energy - Indonesia
  • VISA Power Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Bukit Makmur.PT - Indonesia
  • Noble Europe Ltd - UK
  • Minerals Council of Australia
  • Georgia Ports Authority, United States
  • KOWEPO - South Korea
  • Bukit Baiduri Energy - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Borneo Indobara - Indonesia
  • Shenhua Group - China
  • Baramulti Group, Indonesia
  • Bharathi Cement Corporation - India
  • Essar Steel Hazira Ltd - India
  • Lafarge - France
  • Mitsubishi Corporation
  • Goldman Sachs - Singapore
  • Samtan Co., Ltd - South Korea
  • Makarim & Taira - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Antam Resourcindo - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Medco Energi Mining Internasional
  • Infraline Energy - India
  • Commonwealth Bank - Australia
  • Vedanta Resources Plc - India
  • The University of Queensland
  • Meralco Power Generation, Philippines
  • Madhucon Powers Ltd - India
  • Jatenergy - Australia
  • Tanito Harum - Indonesia
  • Core Mineral Indonesia
  • Kideco Jaya Agung - Indonesia
  • SRK Consulting
  • IMC Shipping - Singapore
  • Adaro Indonesia
  • Meenaskhi Energy Private Limited - India
  • Economic Council, Georgia
  • CCIC - Indonesia
  • Malco - India
  • Riau Bara Harum - Indonesia
  • Merrill Lynch Commodities Europe
  • Iligan Light & Power Inc, Philippines
  • Savvy Resources Ltd - HongKong
  • Global Business Power Corporation, Philippines
  • KEPCO - South Korea
  • Permata Bank - Indonesia
  • Bangladesh Power Developement Board
  • McConnell Dowell - Australia
  • Independent Power Producers Association of India
  • Indogreen Group - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Humpuss - Indonesia
  • SUEK AG - Indonesia
  • Tata Power - India
  • Interocean Group of Companies - India
  • SMG Consultants - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Australian Coal Association
  • Vale Mozambique
  • Eastern Coal Council - USA
  • Vitol - Bahrain
  • Mercuria Energy - Indonesia
  • Thomson Reuters GRC
  • White Energy Company Limited
  • Thiess Contractors Indonesia
  • Coal Orbis AG
  • Reliance Power - India
  • Clarksons - UK
  • TNPL - India
  • Bangkok Bank PCL
  • Asmin Koalindo Tuhup - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Siam City Cement - Thailand
  • Krishnapatnam Port Company Ltd. - India
  • CESC Limited - India
  • Cement Manufacturers Association - India
  • Deloitte Consulting - India
  • Mechel - Russia
  • AsiaOL BioFuels Corp., Philippines
  • Posco Energy - South Korea
  • Barclays Capital - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • SN Aboitiz Power Inc, Philippines
  • Petron Corporation, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Gupta Coal India Ltd
  • The India Cements Ltd
  • MEC Coal - Indonesia
  • Ministry of Finance - Indonesia
  • TRAFIGURA, South Korea
  • Chamber of Mines of South Africa
  • Central Electricity Authority - India
  • TANGEDCO India
  • Directorate Of Revenue Intelligence - India
  • Ernst & Young Pvt. Ltd.
  • Barasentosa Lestari - Indonesia
  • EMO - The Netherlands
  • Attock Cement Pakistan Limited
  • London Commodity Brokers - England
  • Port Waratah Coal Services - Australia
  • Arutmin Indonesia
  • ANZ Bank - Australia
  • Wilmar Investment Holdings
  • Renaissance Capital - South Africa
  • Sarangani Energy Corporation, Philippines
  • OPG Power Generation Pvt Ltd - India
  • Vizag Seaport Private Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Asian Development Bank
  • LBH Netherlands Bv - Netherlands
  • Cemex - Philippines
  • Ministry of Mines - Canada
  • globalCOAL - UK
  • WorleyParsons
  • Pipit Mutiara Jaya. PT, Indonesia
  • BRS Brokers - Singapore
  • Oldendorff Carriers - Singapore
  • Merrill Lynch Bank
  • Mjunction Services Limited - India
  • World Bank
  • Maersk Broker
  • NTPC Limited - India
  • Thermax Limited - India
  • Adani Power Ltd - India
  • Mitra SK Pvt Ltd - India
  • Singapore Mercantile Exchange
  • Kapuas Tunggal Persada - Indonesia
  • Moodys - Singapore
  • J M Baxi & Co - India
  • Cargill India Pvt Ltd
  • McKinsey & Co - India
  • Pinang Coal Indonesia
  • SASOL - South Africa
  • Dalmia Cement Bharat India
  • Coal and Oil Company - UAE
  • Manunggal Multi Energi - Indonesia
  • Petrosea - Indonesia
  • Electricity Generating Authority of Thailand
  • Asia Cement - Taiwan
  • Kumho Petrochemical, South Korea
  • IBC Asia (S) Pte Ltd
  • Coal India Limited
  • Chettinad Cement Corporation Ltd - India
  • The Treasury - Australian Government
  • RBS Sempra - UK
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Ind-Barath Power Infra Limited - India
  • Total Coal South Africa
  • Panama Canal Authority
  • Kaltim Prima Coal - Indonesia
  • Malabar Cements Ltd - India
  • Latin American Coal - Colombia
  • Leighton Contractors Pty Ltd - Australia
  • Kartika Selabumi Mining - Indonesia
  • Thai Mozambique Logistica
  • Larsen & Toubro Limited - India
  • Orica Mining Services - Indonesia
  • PLN - Indonesia
  • Bhoruka Overseas - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Intertek Mineral Services - Indonesia
  • HSBC - Hong Kong
  • Semirara Mining Corp, Philippines
  • GNFC Limited - India
  • Berau Coal - Indonesia
  • Star Paper Mills Limited - India
  • IHS Mccloskey Coal Group - USA
  • Edison Trading Spa - Italy
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Jindal Steel & Power Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • PetroVietnam
  • GB Group - China
  • Sree Jayajothi Cements Limited - India
  • Indorama - Singapore
  • European Bulk Services B.V. - Netherlands
  • Cigading International Bulk Terminal - Indonesia
  • CIMB Investment Bank - Malaysia
  • Ince & co LLP
  • Agrawal Coal Company - India
  • Standard Chartered Bank - UAE
  • KPCL - India
  • Price Waterhouse Coopers - Russia
  • CoalTek, United States
  • Aditya Birla Group - India
  • PowerSource Philippines DevCo
  • Neyveli Lignite Corporation Ltd, - India
  • Energy Development Corp, Philippines
  • Argus Media - Singapore
  • CNBM International Corporation - China
  • Xstrata Coal
  • International Coal Ventures Pvt Ltd - India
  • Sucofindo - Indonesia
  • Carbofer General Trading SA - India
  • Electricity Authority, New Zealand
  • Maharashtra Electricity Regulatory Commission - India
  • Romanian Commodities Exchange
  • Platou - Singapore
  • EIA - United States
  • Rudhra Energy - India
  • Peabody Energy - USA
  • Indonesian Coal Mining Association
  • Africa Commodities Group - South Africa
  • Videocon Industries ltd - India
  • Bank of China, Malaysia
  • JPower - Japan
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Central Java Power - Indonesia
  • TeaM Sual Corporation - Philippines
  • Bank of America
  • Kobe Steel Ltd - Japan
  • Inco-Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Siam City Cement PLC, Thailand
  • PLN Batubara - Indonesia
  • Indian School of Mines
  • Credit Suisse - India
  • Mitsui
  • Parliament of New Zealand
  • Mercator Lines Limited - India
  • BNP Paribas - Singapore
  • Tata Chemicals Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Aboitiz Power Corporation - Philippines
  • Metalloyd Limited - United Kingdom
  • Mintek Dendrill Indonesia
  • Trasteel International SA, Italy
  • Xindia Steels Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Coastal Gujarat Power Limited - India
  • Orica Australia Pty. Ltd.
  • TGV SRAAC LIMITED, India
  • Lanco Infratech Ltd - India
  • Salva Resources Pvt Ltd - India
  • Karbindo Abesyapradhi - Indoneisa
  • JPMorgan - India
  • PNOC Exploration Corporation - Philippines
  • Formosa Plastics Group - Taiwan
  • Gujarat Mineral Development Corp Ltd - India
  • Indonesia Power. PT
  • Directorate General of MIneral and Coal - Indonesia
  • Simpson Spence & Young - Indonesia
  • World Coal - UK
  • GHCL Limited - India
  • IOL Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Idemitsu - Japan
  • Global Green Power PLC Corporation, Philippines
  • Timah Investasi Mineral - Indoneisa
  • KPMG - USA
  • Karaikal Port Pvt Ltd - India
  • India Bulls Power Limited - India
  • Deutsche Bank - India
  • South Luzon Thermal Energy Corporation
  • Power Finance Corporation Ltd., India
  • Sakthi Sugars Limited - India
  • Rio Tinto Coal - Australia
  • Binh Thuan Hamico - Vietnam
  • Sindya Power Generating Company Private Ltd
  • Enel Italy
  • bp singapore
  • ICICI Bank Limited - India
  • Thailand Anthracite
  • SMC Global Power, Philippines
  • Sojitz Corporation - Japan
  • Altura Mining Limited, Indonesia
  • Cardiff University - UK
  • Vijayanagar Sugar Pvt Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • Surastha Cement
  • Eastern Energy - Thailand
  • Bhushan Steel Limited - India
  • The State Trading Corporation of India Ltd
  • Bukit Asam (Persero) Tbk - Indonesia
  • Freeport Indonesia
  • IEA Clean Coal Centre - UK
  • Qatrana Cement - Jordan
  • Coeclerici Indonesia
  • Shree Cement - India
  • Holcim Trading Pte Ltd - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • U S Energy Resources
  • ASAPP Information Group - India
  • San Jose City I Power Corp, Philippines
  • GMR Energy Limited - India
  • Britmindo - Indonesia
  • Maruti Cements - India
  • Tamil Nadu electricity Board
  • Bayan Resources Tbk. - Indonesia
  • Sical Logistics Limited - India
  • Gujarat Sidhee Cement - India
  • OCBC - Singapore
  • ING Bank NV - Singapore
  • Indika Energy - Indonesia
  • DBS Bank - Singapore
  • Therma Luzon, Inc, Philippines
  • Geoservices-GeoAssay Lab