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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, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- White Energy Company Limited
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
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