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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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Sunday, 22 December 19
NMDC DIVERSIFIES INTO COAL MINING - THE HINDU
Iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal.
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Sunday, 22 December 19
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Saturday, 21 December 19
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Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
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The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
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