COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.   As the lockdown kicked in demand ...


Friday, 14 August 20
EIA: COAL PLANTS UNECONOMICAL IN MOST REGIONS - IEEFA
U.S. coal power generation plunged by 30 percent in the first half of 2020 off an already-depressed base, shoved out by natural gas and renewables ...


Thursday, 13 August 20
INDIA SHOULD RECORD A SLIGHT DECREASE IN THERMAL COAL IMPORTS, REACHING A VOLUME OF 167 MILLION TONS BY THE END OF 2020 - ASSOCARBONI
Regarding 2020 thermal coal imports forecasts, Vietnam’s coal imports showed a very strong growth in the first half of 2020 and it is believe ...


Thursday, 13 August 20
INDONESIA REMAINS THE LARGEST EXPORTER OF COAL IN THE WORLD - ASSOCARBONI
According to the last Assocarboni data for 2019, Indonesia remains the largest exporter in the world. Thermal coal exports have in fact reached 456 ...


Wednesday, 12 August 20
VIETNAM WAS THE PROTAGONIST OF A SIGNIFICANT INCREASE IN COAL IMPORTS IN 2019 - ASSOCARBONI
The latest Assocarboni data for 2019 also provide a detailed picture on the trend of the global coal import.   According to Assocarbon ...


   165 166 167 168 169   
Showing 831 to 835 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Heidelberg Cement - Germany
  • DBS Bank - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • McConnell Dowell - Australia
  • Singapore Mercantile Exchange
  • Port Waratah Coal Services - Australia
  • Bhoruka Overseas - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Enel Italy
  • Maruti Cements - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Globalindo Alam Lestari - Indonesia
  • KPCL - India
  • Star Paper Mills Limited - India
  • Idemitsu - Japan
  • Iligan Light & Power Inc, Philippines
  • ASAPP Information Group - India
  • Surastha Cement
  • Anglo American - United Kingdom
  • Savvy Resources Ltd - HongKong
  • Inspectorate - India
  • Timah Investasi Mineral - Indoneisa
  • Karbindo Abesyapradhi - Indoneisa
  • Manunggal Multi Energi - Indonesia
  • Rudhra Energy - India
  • PLN Batubara - Indonesia
  • SGS (Thailand) Limited
  • CNBM International Corporation - China
  • Tata Chemicals Ltd - India
  • TRAFIGURA, South Korea
  • Sarangani Energy Corporation, Philippines
  • Shenhua Group - China
  • JPMorgan - India
  • J M Baxi & Co - India
  • Maybank - Singapore
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Essar Steel Hazira Ltd - India
  • Japan Coal Energy Center
  • GNFC Limited - India
  • Videocon Industries ltd - India
  • Coal Orbis AG
  • Vitol - Bahrain
  • Indo Tambangraya Megah - Indonesia
  • IOL Indonesia
  • GHCL Limited - India
  • Merrill Lynch Commodities Europe
  • Sindya Power Generating Company Private Ltd
  • Electricity Generating Authority of Thailand
  • Chettinad Cement Corporation Ltd - India
  • TeaM Sual Corporation - Philippines
  • Parliament of New Zealand
  • Vizag Seaport Private Limited - India
  • PTC India Limited - India
  • Meralco Power Generation, Philippines
  • Ministry of Transport, Egypt
  • NTPC Limited - India
  • Indonesian Coal Mining Association
  • Gujarat Electricity Regulatory Commission - India
  • Intertek Mineral Services - Indonesia
  • TANGEDCO India
  • Chamber of Mines of South Africa
  • Central Electricity Authority - India
  • Bhatia International Limited - India
  • Gupta Coal India Ltd
  • Parry Sugars Refinery, India
  • Asmin Koalindo Tuhup - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Petrosea - Indonesia
  • Sakthi Sugars Limited - India
  • Orica Mining Services - Indonesia
  • HSBC - Hong Kong
  • Goldman Sachs - Singapore
  • Georgia Ports Authority, United States
  • Adani Power Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • Deutsche Bank - India
  • Coal and Oil Company - UAE
  • Barclays Capital - USA
  • London Commodity Brokers - England
  • Tamil Nadu electricity Board
  • Deloitte Consulting - India
  • Russian Coal LLC
  • Madhucon Powers Ltd - India
  • Borneo Indobara - Indonesia
  • Jindal Steel & Power Ltd - India
  • CoalTek, United States
  • KEPCO - South Korea
  • Dalmia Cement Bharat India
  • Reliance Power - India
  • Maersk Broker
  • OPG Power Generation Pvt Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Thriveni
  • EIA - United States
  • Carbofer General Trading SA - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Asian Development Bank
  • New Zealand Coal & Carbon
  • The India Cements Ltd
  • Formosa Plastics Group - Taiwan
  • Commonwealth Bank - Australia
  • Ernst & Young Pvt. Ltd.
  • Standard Chartered Bank - UAE
  • NALCO India
  • Karaikal Port Pvt Ltd - India
  • Sical Logistics Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Global Coal Blending Company Limited - Australia
  • Runge Indonesia
  • Independent Power Producers Association of India
  • Latin American Coal - Colombia
  • Coaltrans Conferences
  • Bharathi Cement Corporation - India
  • Salva Resources Pvt Ltd - India
  • Eastern Energy - Thailand
  • Mitsui
  • MS Steel International - UAE
  • Permata Bank - Indonesia
  • KPMG - USA
  • Australian Commodity Traders Exchange
  • Barasentosa Lestari - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Cargill India Pvt Ltd
  • Ministry of Finance - Indonesia
  • Bulk Trading Sa - Switzerland
  • APGENCO India
  • PLN - Indonesia
  • Malabar Cements Ltd - India
  • Coastal Gujarat Power Limited - India
  • SMG Consultants - Indonesia
  • Lanco Infratech Ltd - India
  • Ince & co LLP
  • Ind-Barath Power Infra Limited - India
  • San Jose City I Power Corp, Philippines
  • Shree Cement - India
  • ING Bank NV - Singapore
  • Tata Power - India
  • Argus Media - Singapore
  • Mintek Dendrill Indonesia
  • Noble Europe Ltd - UK
  • Cardiff University - UK
  • Eastern Coal Council - USA
  • Geoservices-GeoAssay Lab
  • Semirara Mining and Power Corporation, Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • Indonesia Power. PT
  • Kartika Selabumi Mining - Indonesia
  • Larsen & Toubro Limited - India
  • Credit Suisse - India
  • Inco-Indonesia
  • PNOC Exploration Corporation - Philippines
  • Core Mineral Indonesia
  • Jatenergy - Australia
  • Power Finance Corporation Ltd., India
  • Jorong Barutama Greston.PT - Indonesia
  • Malco - India
  • Mitra SK Pvt Ltd - India
  • Siam City Cement PLC, Thailand
  • Riau Bara Harum - Indonesia
  • GMR Energy Limited - India
  • Trasteel International SA, Italy
  • Simpson Spence & Young - Indonesia
  • Arch Coal - USA
  • Edison Trading Spa - Italy
  • bp singapore
  • GVK Power & Infra Limited - India
  • Makarim & Taira - Indonesia
  • Mjunction Services Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Orica Australia Pty. Ltd.
  • Australian Coal Association
  • Jaiprakash Power Ventures ltd
  • ETA - Dubai
  • Sojitz Corporation - Japan
  • Sinarmas Energy and Mining - Indonesia
  • Infraline Energy - India
  • EMO - The Netherlands
  • TGV SRAAC LIMITED, India
  • White Energy Company Limited
  • Central Java Power - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Fearnleys - India
  • CIMB Investment Bank - Malaysia
  • Electricity Authority, New Zealand
  • U S Energy Resources
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Kumho Petrochemical, South Korea
  • ICICI Bank Limited - India
  • Altura Mining Limited, Indonesia
  • Petron Corporation, Philippines
  • Wood Mackenzie - Singapore
  • Wilmar Investment Holdings
  • Planning Commission, India
  • Aditya Birla Group - India
  • Bhushan Steel Limited - India
  • Medco Energi Mining Internasional
  • Ministry of Mines - Canada
  • Bank of China, Malaysia
  • Peabody Energy - USA
  • JPower - Japan
  • BRS Brokers - Singapore
  • Asia Cement - Taiwan
  • Economic Council, Georgia
  • Romanian Commodities Exchange
  • BNP Paribas - Singapore
  • IMC Shipping - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Directorate General of MIneral and Coal - Indonesia
  • Thiess Contractors Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Sucofindo - Indonesia
  • Xstrata Coal
  • Bank of America
  • Xindia Steels Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • globalCOAL - UK
  • Indorama - Singapore
  • Tanito Harum - Indonesia
  • The State Trading Corporation of India Ltd
  • OCBC - Singapore
  • Energy Link Ltd, New Zealand
  • European Bulk Services B.V. - Netherlands
  • Oldendorff Carriers - Singapore
  • Bangkok Bank PCL
  • KOWEPO - South Korea
  • Samtan Co., Ltd - South Korea
  • Leighton Contractors Pty Ltd - Australia
  • Adaro Indonesia
  • UBS Singapore
  • PetroVietnam
  • Glencore India Pvt. Ltd
  • Thomson Reuters GRC
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • UOB Asia (HK) Ltd
  • Energy Development Corp, Philippines
  • Maharashtra Electricity Regulatory Commission - India
  • Maheswari Brothers Coal Limited - India
  • Mitsubishi Corporation
  • Arutmin Indonesia
  • Binh Thuan Hamico - Vietnam
  • Cebu Energy, Philippines
  • Coeclerici Indonesia
  • Rio Tinto Coal - Australia
  • Indian School of Mines
  • World Coal - UK
  • Marubeni Corporation - India
  • Minerals Council of Australia
  • Moodys - Singapore
  • Siam City Cement - Thailand
  • IHS Mccloskey Coal Group - USA
  • VISA Power Limited - India
  • TNPL - India
  • Baramulti Group, Indonesia
  • Africa Commodities Group - South Africa
  • Sree Jayajothi Cements Limited - India
  • The University of Queensland
  • Clarksons - UK
  • AsiaOL BioFuels Corp., Philippines
  • Banpu Public Company Limited - Thailand
  • Holcim Trading Pte Ltd - Singapore
  • Metalloyd Limited - United Kingdom
  • Bukit Makmur.PT - Indonesia
  • CESC Limited - India
  • Meenaskhi Energy Private Limited - India
  • Samsung - South Korea
  • Grasim Industreis Ltd - India
  • World Bank
  • GAC Shipping (India) Pvt Ltd
  • Bahari Cakrawala Sebuku - Indonesia
  • Ambuja Cements Ltd - India
  • India Bulls Power Limited - India
  • Kideco Jaya Agung - Indonesia
  • Cosco
  • Directorate Of Revenue Intelligence - India
  • Antam Resourcindo - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Indika Energy - Indonesia
  • Global Business Power Corporation, Philippines
  • Total Coal South Africa
  • Miang Besar Coal Terminal - Indonesia
  • Platts
  • Berau Coal - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Thermax Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Lafarge - France
  • Thai Mozambique Logistica
  • ACC Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • IBC Asia (S) Pte Ltd
  • Kobe Steel Ltd - Japan
  • Gujarat Sidhee Cement - India
  • Panama Canal Authority
  • Merrill Lynch Bank
  • Price Waterhouse Coopers - Russia
  • Renaissance Capital - South Africa
  • Kobexindo Tractors - Indoneisa
  • Mechel - Russia
  • Posco Energy - South Korea
  • RBS Sempra - UK
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Indian Oil Corporation Limited
  • McKinsey & Co - India
  • ANZ Bank - Australia
  • SUEK AG - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Pendopo Energi Batubara - Indonesia
  • The Treasury - Australian Government
  • Therma Luzon, Inc, Philippines
  • Pinang Coal Indonesia
  • Bangladesh Power Developement Board
  • Humpuss - Indonesia
  • Vale Mozambique
  • Aboitiz Power Corporation - Philippines
  • Cement Manufacturers Association - India
  • Cemex - Philippines
  • Indogreen Group - Indonesia
  • PowerSource Philippines DevCo
  • Uttam Galva Steels Limited - India
  • MEC Coal - Indonesia
  • Mercator Lines Limited - India
  • Platou - Singapore
  • IEA Clean Coal Centre - UK
  • Gresik Semen - Indonesia
  • Freeport Indonesia
  • Kaltim Prima Coal - Indonesia
  • South Luzon Thermal Energy Corporation
  • SMC Global Power, Philippines
  • Coal India Limited
  • Kalimantan Lumbung Energi - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Qatrana Cement - Jordan
  • SN Aboitiz Power Inc, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • SRK Consulting
  • Vedanta Resources Plc - India
  • Coalindo Energy - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Mercuria Energy - Indonesia
  • Agrawal Coal Company - India
  • GB Group - China
  • LBH Netherlands Bv - Netherlands
  • Semirara Mining Corp, Philippines
  • WorleyParsons
  • Interocean Group of Companies - India
  • Britmindo - Indonesia
  • Thailand Anthracite
  • CCIC - Indonesia
  • Attock Cement Pakistan Limited
  • Indian Energy Exchange, India
  • SASOL - South Africa