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

Sunday, 04 December 16
U.S. WEEKLY COAL OUTPUT DECLINED 11.9% W/E 26 NOV; UP 1.4% Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.2 million short ton ...


Thursday, 01 December 16
OIL PRICES MAY SEE LITTLE GROWTH BEFORE 2018, FITCH RATINGS SAYS
High inventories and the potential for US shale production to respond quickly to any market tightening mean oil prices may flat line in 2017 before ...


Thursday, 01 December 16
CHINA 2017 OIL, GAS OUTPUT DROP MAY WORSEN ON CAPEX CUT: FITCH
China's oil and gas production may shrink even more in 2017 than in 2016 after the country's leading oil companies cut exploration and prod ...


Thursday, 01 December 16
ANOTHER WONDERFUL WEEK FOR PANAMAX - FEARNLEY
Supramax A slower start to the week in the Pacific compared to last Trips from N. China to S. China is paying in the range of low USD 5k, while I ...


Tuesday, 29 November 16
AUSTRALIA'S PORT OF NEWCASTLE SHIPPED 13.08 MT OF COAL IN OCTOBER; DOWN 10.39% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU1,124.7 Mi ...


   438 439 440 441 442   
Showing 2196 to 2200 news of total 6871
News by Category
Popular News
 
Total Members : 28,627
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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