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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, 03 October 17
RIO TINTO COMPLETES FIRST FULLY AUTONOMOUS RAIL JOURNEY IN WESTERN AUSTRALIA
Rio Tinto has successfully completed the first fully autonomous rail journey at its iron ore operations in the Pilbara region of Western Australia ...
Tuesday, 03 October 17
ALLIED MARKET ANALYSIS
It seems as though the future of the oil trade was once again put into the spotlight, as the Asia Pacific Petroleum Conference took place last week ...
Friday, 29 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FIFTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ...
Thursday, 28 September 17
SUPRAMAX: S.CHINA TRIP TO INDIA HAS BEEN FIXED AT AROUND US$ 11000 - FEARNLEYS
Supramax
The hot market seen the last weeks in the Pacific has softened as the Golden week holiday in China approaches and the October shipments ...
Thursday, 28 September 17
THE 'UNREASONABLE' COST OF CASUALTY REPAIRS: ASSOCIATION OF AVERAGE ADJUSTERS CHAIRMAN DETAILS CLAIMS DILEMMAS
KNOWLEDGE TO ELEVATE
The ‘unreasonable’ cost of casualty repairs: Association of Average Adjusters chairman details claims dilemma ...
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Showing 1926 to 1930 news of total 6871 |
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- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
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