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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, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- White Energy Company Limited
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
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