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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, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- PTC India Limited - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
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