We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
Wednesday, 01 April 09
INDONESIAN OFFICIAL CLAIMS NEW LEGISLATION IS VINDICATED AS OVERSEAS FIRMS LINE UP FOR MINING LICENSES - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months ...
|
|
|
Showing 6816 to 6820 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- White Energy Company Limited
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Australian Coal Association
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
|
| |
| |
|
