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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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Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and ...
Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
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- Kepco SPC Power Corporation, Philippines
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- Economic Council, Georgia
- White Energy Company Limited
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- ICICI Bank Limited - India
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- SMC Global Power, Philippines
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- Minerals Council of Australia
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- Medco Energi Mining Internasional
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- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
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- The State Trading Corporation of India Ltd
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- Planning Commission, India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
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- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
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- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
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- Tamil Nadu electricity Board
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- Global Business Power Corporation, Philippines
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- Thai Mozambique Logistica
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- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
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- Oldendorff Carriers - Singapore
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- Parliament of New Zealand
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- Directorate General of MIneral and Coal - Indonesia
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- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
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- Orica Mining Services - Indonesia
- Australian Coal Association
- Ministry of Finance - Indonesia
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- Indo Tambangraya Megah - Indonesia
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- Marubeni Corporation - India
- Indian Energy Exchange, India
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- Bahari Cakrawala Sebuku - Indonesia
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- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
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- Pipit Mutiara Jaya. PT, Indonesia
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- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
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- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
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