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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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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- Bhushan Steel Limited - India
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- Medco Energi Mining Internasional
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Parliament of New Zealand
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- Planning Commission, India
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- GAC Shipping (India) Pvt Ltd
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- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
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- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
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- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
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- Samtan Co., Ltd - South Korea
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- Electricity Authority, New Zealand
- Independent Power Producers Association of India
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- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
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- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
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- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
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- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
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