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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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Wednesday, 27 December 17
SULPHUR EMISSIONS: THE OUTSTANDING CHALLENGES - UK P&I CLUB
The International Maritime Organization (IMO) has been working to reduce the harmful impacts of shipping on the environment.
It adopted Annex ...
Friday, 22 December 17
COAL INDIA BOARD CLEARS THE WAY FOR SCHEME FOR HARNESSING AND ALLOCATING KOYALA (COAL) TRANSPARENTLY IN INDIA - PIB
The Coal India Limited (CIL) Board cleared the decks for signing of Fuel Supply Agreement (FSA), for supply of coal.
According to Press Inform ...
Friday, 22 December 17
WILL THE DRY BULK INDUSTRY BECOME PROFITABLE IN 2018? - PETER SAND, BIMCO
As the dry bulk fleet is already expected to grow at a pace that matches demand growth expected in 2019, focus must be on improving the fundamental ...
Friday, 22 December 17
ESTIMATED U.S. WEEKLY COAL OUTPUT SLIPS SLIGHTLY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million short tons ...
Thursday, 21 December 17
COAL CONSUMPTION DROPS AS GAS AND RENEWABLES CHEW INTO TRADITIONAL MARKETS - BABS MCHUGH
"The share of coal in the global energy mix is forecast to decline from 27 per cent last year to 26 per cent in 2022"
Global demand ...
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Showing 1841 to 1845 news of total 6871 |
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- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- PTC India Limited - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Planning Commission, India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
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