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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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Monday, 08 October 18
KOMIPO INVITES BIDS FOR 520,000 TONS OF COLOMBIAN ORIGIN OF 5,700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Colombian origin ...
Sunday, 07 October 18
SUPRAMAX: INDO-INDIA USUAL COAL RUNS WERE COVERED AT US$ 12K - FEARNLEYS
Capesize
Average daily earnings up close to 15 pct in 5 trading days, thus patience finally paying off for owners of the big ships - Chinese play ...
Sunday, 07 October 18
A CASE FOR 20/20 VISION? IMO'S LOW SULPHUR FUEL LIMIT UNDER MARPOL ANNEX VI WHICH COMES INTO FORCE ON 1ST JANUARY 2020
KNOWLEDGE TO ELEVATE
The implementation of the global 0.5% sulphur cap for bunker fuel under MARPOL Annex VI in just under 18 months’ ti ...
Friday, 05 October 18
COAL PRODUCTION REACHES 64% OF 2018 TARGET : THE JAKARTA POST
National coal production up to August has already reached 311 million tons, or 64 percent of this year's total target of 485 million tons, acco ...
Wednesday, 03 October 18
VALUE OF AUSTRALIAN COAL EXPORTS TIPPED TO DECLINE SHARPLY OVER NEXT 18 MONTHS - THE GUARDIAN
Thermal coal prices forecast to drop 25% and metallurgical coal prices 23% as value of iron ore exports also falls
The value of Aust ...
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- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Planning Commission, India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Australian Coal Association
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- The University of Queensland
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
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