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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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Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...
Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher befo ...
Wednesday, 26 August 20
WORLD COAL EXPORTS: INDONESIAN THERMAL COAL EXPORTS HAVE COME UNDER PRESSURE AS THERMAL COAL PRICES WEAKEN - REPORT
Indonesia’s exports to decline sharply from record highs
Indonesia is the world’s largest thermal coal exporter, sellin ...
Wednesday, 26 August 20
JAPAN'S COAL IMPORTS ARE BEING AFFECTED BY COMPETING INFLUENCES - REPORT
Japan is the world’s third largest thermal coal importer, importing an estimated 135 million tonnes of thermal coal in 2019. The country&rsqu ...
Wednesday, 26 August 20
PENDING SOUTH KOREA LEGISLATION COULD FORCE HALT TO COUNTRY’S COAL PLANT EXPORT DEALS - KOREA ECONOMIC DAILY
South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired p ...
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- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Australian Coal Association
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
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