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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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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
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