COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...


Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...


Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...


Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...


Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...


   40 41 42 43 44   
Showing 206 to 210 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Wilmar Investment Holdings
  • Platts
  • Videocon Industries ltd - India
  • Sucofindo - Indonesia
  • Lanco Infratech Ltd - India
  • Core Mineral Indonesia
  • Enel Italy
  • Toyota Tsusho Corporation, Japan
  • Shenhua Group - China
  • McKinsey & Co - India
  • NALCO India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Tamil Nadu electricity Board
  • Adani Power Ltd - India
  • Vizag Seaport Private Limited - India
  • Latin American Coal - Colombia
  • Indo Tambangraya Megah - Indonesia
  • Idemitsu - Japan
  • NTPC Limited - India
  • Indonesia Power. PT
  • Kobexindo Tractors - Indoneisa
  • Coal Orbis AG
  • RBS Sempra - UK
  • Arutmin Indonesia
  • Goldman Sachs - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • Oldendorff Carriers - Singapore
  • Malabar Cements Ltd - India
  • GMR Energy Limited - India
  • San Jose City I Power Corp, Philippines
  • Mintek Dendrill Indonesia
  • Makarim & Taira - Indonesia
  • New Zealand Coal & Carbon
  • Britmindo - Indonesia
  • Siam City Cement - Thailand
  • Sakthi Sugars Limited - India
  • Bangkok Bank PCL
  • Australian Coal Association
  • Sojitz Corporation - Japan
  • Maheswari Brothers Coal Limited - India
  • Malco - India
  • Independent Power Producers Association of India
  • SUEK AG - Indonesia
  • Salva Resources Pvt Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Altura Mining Limited, Indonesia
  • Ambuja Cements Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Binh Thuan Hamico - Vietnam
  • Maersk Broker
  • Therma Luzon, Inc, Philippines
  • Sree Jayajothi Cements Limited - India
  • Asia Cement - Taiwan
  • TRAFIGURA, South Korea
  • Meenaskhi Energy Private Limited - India
  • Surastha Cement
  • Lafarge - France
  • Planning Commission, India
  • Formosa Plastics Group - Taiwan
  • PetroVietnam
  • Xstrata Coal
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Global Coal Blending Company Limited - Australia
  • PLN - Indonesia
  • Gupta Coal India Ltd
  • U S Energy Resources
  • Shree Cement - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • London Commodity Brokers - England
  • Ind-Barath Power Infra Limited - India
  • Mitsui
  • Renaissance Capital - South Africa
  • Reliance Power - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Globalindo Alam Lestari - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Bayan Resources Tbk. - Indonesia
  • SRK Consulting
  • Timah Investasi Mineral - Indoneisa
  • ICICI Bank Limited - India
  • Mitsubishi Corporation
  • Edison Trading Spa - Italy
  • GN Power Mariveles Coal Plant, Philippines
  • Standard Chartered Bank - UAE
  • Japan Coal Energy Center
  • DBS Bank - Singapore
  • Port Waratah Coal Services - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • Pinang Coal Indonesia
  • ANZ Bank - Australia
  • Anglo American - United Kingdom
  • AsiaOL BioFuels Corp., Philippines
  • Australian Commodity Traders Exchange
  • Coaltrans Conferences
  • Clarksons - UK
  • Rashtriya Ispat Nigam Limited - India
  • Pendopo Energi Batubara - Indonesia
  • PTC India Limited - India
  • Jindal Steel & Power Ltd - India
  • Cosco
  • Cemex - Philippines
  • KPMG - USA
  • Kumho Petrochemical, South Korea
  • ING Bank NV - Singapore
  • SGS (Thailand) Limited
  • Sarangani Energy Corporation, Philippines
  • J M Baxi & Co - India
  • BRS Brokers - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Infraline Energy - India
  • Cargill India Pvt Ltd
  • The India Cements Ltd
  • Manunggal Multi Energi - Indonesia
  • JPower - Japan
  • GAC Shipping (India) Pvt Ltd
  • Gresik Semen - Indonesia
  • Grasim Industreis Ltd - India
  • Maruti Cements - India
  • KEPCO - South Korea
  • Tata Chemicals Ltd - India
  • Kobe Steel Ltd - Japan
  • globalCOAL - UK
  • Bank of America
  • PLN Batubara - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Power Finance Corporation Ltd., India
  • Asmin Koalindo Tuhup - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • GB Group - China
  • Energy Development Corp, Philippines
  • Indonesian Coal Mining Association
  • HSBC - Hong Kong
  • South Luzon Thermal Energy Corporation
  • IBC Asia (S) Pte Ltd
  • OPG Power Generation Pvt Ltd - India
  • Panama Canal Authority
  • Cardiff University - UK
  • VISA Power Limited - India
  • Riau Bara Harum - Indonesia
  • Rio Tinto Coal - Australia
  • Indorama - Singapore
  • SMG Consultants - Indonesia
  • Price Waterhouse Coopers - Russia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Aditya Birla Group - India
  • The State Trading Corporation of India Ltd
  • Alfred C Toepfer International GmbH - Germany
  • Minerals Council of Australia
  • Jaiprakash Power Ventures ltd
  • Credit Suisse - India
  • Ministry of Mines - Canada
  • CCIC - Indonesia
  • Medco Energi Mining Internasional
  • Permata Bank - Indonesia
  • Coeclerici Indonesia
  • Carbofer General Trading SA - India
  • Xindia Steels Limited - India
  • Coastal Gujarat Power Limited - India
  • Dalmia Cement Bharat India
  • Indogreen Group - Indonesia
  • GHCL Limited - India
  • Fearnleys - India
  • IHS Mccloskey Coal Group - USA
  • Indian Energy Exchange, India
  • Pipit Mutiara Jaya. PT, Indonesia
  • TeaM Sual Corporation - Philippines
  • Asian Development Bank
  • Mercuria Energy - Indonesia
  • Parry Sugars Refinery, India
  • Miang Besar Coal Terminal - Indonesia
  • Kideco Jaya Agung - Indonesia
  • CIMB Investment Bank - Malaysia
  • PetroVietnam Power Coal Import and Supply Company
  • Adaro Indonesia
  • WorleyParsons
  • Central Java Power - Indonesia
  • MS Steel International - UAE
  • KOWEPO - South Korea
  • Bharathi Cement Corporation - India
  • Gujarat Electricity Regulatory Commission - India
  • Sinarmas Energy and Mining - Indonesia
  • Jatenergy - Australia
  • Intertek Mineral Services - Indonesia
  • PowerSource Philippines DevCo
  • Kohat Cement Company Ltd. - Pakistan
  • Larsen & Toubro Limited - India
  • Vedanta Resources Plc - India
  • Ceylon Electricity Board - Sri Lanka
  • Directorate Of Revenue Intelligence - India
  • Borneo Indobara - Indonesia
  • Vitol - Bahrain
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ETA - Dubai
  • Vijayanagar Sugar Pvt Ltd - India
  • Uttam Galva Steels Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Savvy Resources Ltd - HongKong
  • TGV SRAAC LIMITED, India
  • Maharashtra Electricity Regulatory Commission - India
  • Indian School of Mines
  • Karaikal Port Pvt Ltd - India
  • Merrill Lynch Commodities Europe
  • Bangladesh Power Developement Board
  • Aboitiz Power Corporation - Philippines
  • Trasteel International SA, Italy
  • Tanito Harum - Indonesia
  • TNPL - India
  • World Bank
  • White Energy Company Limited
  • Africa Commodities Group - South Africa
  • IEA Clean Coal Centre - UK
  • Krishnapatnam Port Company Ltd. - India
  • bp singapore
  • Thriveni
  • Leighton Contractors Pty Ltd - Australia
  • CoalTek, United States
  • Geoservices-GeoAssay Lab
  • Billiton Holdings Pty Ltd - Australia
  • UBS Singapore
  • OCBC - Singapore
  • Bulk Trading Sa - Switzerland
  • Coalindo Energy - Indonesia
  • Berau Coal - Indonesia
  • India Bulls Power Limited - India
  • Madhucon Powers Ltd - India
  • LBH Netherlands Bv - Netherlands
  • Antam Resourcindo - Indonesia
  • Cebu Energy, Philippines
  • GVK Power & Infra Limited - India
  • GNFC Limited - India
  • CESC Limited - India
  • Indika Energy - Indonesia
  • Tata Power - India
  • Bhatia International Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Mitra SK Pvt Ltd - India
  • Global Business Power Corporation, Philippines
  • Attock Cement Pakistan Limited
  • APGENCO India
  • Deutsche Bank - India
  • UOB Asia (HK) Ltd
  • Semirara Mining and Power Corporation, Philippines
  • Qatrana Cement - Jordan
  • ACC Limited - India
  • Electricity Authority, New Zealand
  • Eastern Energy - Thailand
  • Thiess Contractors Indonesia
  • The Treasury - Australian Government
  • EMO - The Netherlands
  • Interocean Group of Companies - India
  • Romanian Commodities Exchange
  • Posco Energy - South Korea
  • Bank of China, Malaysia
  • Kalimantan Lumbung Energi - Indonesia
  • Thomson Reuters GRC
  • Ministry of Finance - Indonesia
  • Heidelberg Cement - Germany
  • Chettinad Cement Corporation Ltd - India
  • MEC Coal - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Coal and Oil Company - UAE
  • Eastern Coal Council - USA
  • Kaltim Prima Coal - Indonesia
  • Barclays Capital - USA
  • McConnell Dowell - Australia
  • Bhoruka Overseas - Indonesia
  • Freeport Indonesia
  • Baramulti Group, Indonesia
  • Gujarat Sidhee Cement - India
  • SASOL - South Africa
  • IOL Indonesia
  • Petrosea - Indonesia
  • Wood Mackenzie - Singapore
  • Arch Coal - USA
  • Russian Coal LLC
  • Agrawal Coal Company - India
  • BNP Paribas - Singapore
  • Vale Mozambique
  • Bhushan Steel Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Platou - Singapore
  • Mjunction Services Limited - India
  • Thai Mozambique Logistica
  • Rudhra Energy - India
  • Neyveli Lignite Corporation Ltd, - India
  • Georgia Ports Authority, United States
  • Barasentosa Lestari - Indonesia
  • Orica Australia Pty. Ltd.
  • Merrill Lynch Bank
  • Parliament of New Zealand
  • Samsung - South Korea
  • Total Coal South Africa
  • Argus Media - Singapore
  • Iligan Light & Power Inc, Philippines
  • Noble Europe Ltd - UK
  • Sical Logistics Limited - India
  • Mechel - Russia
  • Samtan Co., Ltd - South Korea
  • Glencore India Pvt. Ltd
  • Siam City Cement PLC, Thailand
  • Commonwealth Bank - Australia
  • Electricity Generating Authority of Thailand
  • Inco-Indonesia
  • Meralco Power Generation, Philippines
  • Economic Council, Georgia
  • Deloitte Consulting - India
  • Jorong Barutama Greston.PT - Indonesia
  • Indian Oil Corporation Limited
  • Marubeni Corporation - India
  • Petron Corporation, Philippines
  • Humpuss - Indonesia
  • Thermax Limited - India
  • The University of Queensland
  • Bukit Baiduri Energy - Indonesia
  • Inspectorate - India
  • CNBM International Corporation - China
  • Runge Indonesia
  • Essar Steel Hazira Ltd - India
  • Maybank - Singapore
  • Singapore Mercantile Exchange
  • Star Paper Mills Limited - India
  • Energy Link Ltd, New Zealand
  • SMC Global Power, Philippines
  • Orica Mining Services - Indonesia
  • Metalloyd Limited - United Kingdom
  • Chamber of Mines of South Africa
  • International Coal Ventures Pvt Ltd - India
  • TANGEDCO India
  • World Coal - UK
  • JPMorgan - India
  • Mercator Lines Limited - India
  • Straits Asia Resources Limited - Singapore
  • Cement Manufacturers Association - India
  • Moodys - Singapore
  • KPCL - India
  • Ministry of Transport, Egypt
  • PNOC Exploration Corporation - Philippines
  • SN Aboitiz Power Inc, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • IMC Shipping - Singapore
  • Semirara Mining Corp, Philippines
  • ASAPP Information Group - India
  • Sindya Power Generating Company Private Ltd
  • Coal India Limited
  • EIA - United States
  • Ince & co LLP
  • Banpu Public Company Limited - Thailand
  • Central Electricity Authority - India
  • Peabody Energy - USA
  • Simpson Spence & Young - Indonesia
  • Thailand Anthracite