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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, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
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