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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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Tuesday, 13 December 22
AUSTRALIA TO CAP PRICES OF COAL, GAS TO DRIVE DOWN ENERGY BILLS - REUTERS
Australia will cap coal and gas prices for a year in a bid to shave utility bills for households and businesses hit by soaring costs because of the ...
Tuesday, 13 December 22
YANCOAL AUSTRALIA TO PREPAY $459 MLN DEBT AS RECORD COAL PRICES BOOST CASHFLOWS - REUTERS
Coal miner Yancoal Australia Ltd. said on Friday it intended to prepay $459 million of its debt on or around Dec. 16, as elevated coal prices were ...
Tuesday, 13 December 22
WHY COAL LEADS THE RISE IN COMMODITIES THIS YEAR - MARKETWATCH
This year marked a resurgence for coal, often known — and loathed — by environmentalists as the dirtiest energy source, with prices mor ...
Thursday, 08 December 22
BIMCO TO REVISE WAR RISK CLAUSES
Work to revise the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risk ...
Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments ...
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- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Economic Council, Georgia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
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- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
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- London Commodity Brokers - England
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- European Bulk Services B.V. - Netherlands
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- Thiess Contractors Indonesia
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- Commonwealth Bank - Australia
- Interocean Group of Companies - India
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- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
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- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- CNBM International Corporation - China
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- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
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- Ministry of Transport, Egypt
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- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
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- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
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- Kohat Cement Company Ltd. - Pakistan
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- Energy Development Corp, Philippines
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- Indonesian Coal Mining Association
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- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
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- Deloitte Consulting - India
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- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
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- Bangladesh Power Developement Board
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- Semirara Mining Corp, Philippines
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- The State Trading Corporation of India Ltd
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- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Parliament of New Zealand
- Wilmar Investment Holdings
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- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Planning Commission, India
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