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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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Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
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Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
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The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
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- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Mjunction Services Limited - India
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