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, 19 February 19
AUSTRALIA'S COAL FUTURE UNDER THREAT AS MORE CHANGES HIT FOSSIL FUELS GLOBALLY - ABC
Two disparate decisions from opposite corners of the world have sounded warnings for the future of Australia’s coal industry.   ...


Tuesday, 19 February 19
FAST DEPLETING COAL RESERVES COULD PUSH UP ENERGY PRICES, CAUTIONS EXPERT - THE HINDU BUSINESS LINE
The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs, according to K ...


Monday, 18 February 19
INDIA'S COAL IMPORT FALLS TO 17.25 MT IN JANUARY - PTI
Coal imports saw a decline in January FY 2019 to 17.25 MT from 19.59 MT in the same month of the previous fiscal, according to a report by mjunctio ...


Monday, 18 February 19
THE ROLE OF COAL IN INDIA'S ENERGY AMBITIONS - WCA
India is the world’s second most populous country and figures among the world’s most rapidly growing economies.   The Sout ...


Saturday, 16 February 19
COALTRANS CHINA 2019, CHINA'S LARGEST COAL INDUSTRY GATHERING
Press Release: Coaltrans China 2019 | With the import ban likely to be lifted, it’s time for you to meet your potentia ...


   292 293 294 295 296   
Showing 1466 to 1470 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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