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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, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
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- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
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- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
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- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Independent Power Producers Association of India
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- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
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- Planning Commission, India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
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- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
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- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
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- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
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- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
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- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
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- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
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- Indika Energy - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
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