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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, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- GMR Energy Limited - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
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