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, 24 January 16
PANAMAX MARKET WEAKENS ACROSS THE BOARD
COALspot.com: The Baltic Dry Index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser, fell ninetee ...


Friday, 22 January 16
WEEKLY US COAL PRODUCTION ESTIMATES ALMOST FLAT
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.3 million shor ...


Friday, 22 January 16
COAL PRICES TO REMAIN UNDER PRESSURE THIS YEAR
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month on month and week over week. The falling trend of prices for coal was continuing ...


Friday, 22 January 16
Q3' 16 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 40.80; DECLINE $ 2.80 M-O-M
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap up month over month and decline week over week. The Q1’ 2016 FOB Richards B ...


Wednesday, 20 January 16
Q3'16 FOB NEWCASTLE COAL SWAP CLOSED $ 2.40 LESSER THAN Q1'16 CLOSING PRICE OF $ 38.10
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $0.77 per ton (2.06%) this past week  compared to the sam ...


   518 519 520 521 522   
Showing 2596 to 2600 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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