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, 23 December 15
SHIPPING MARKET INSIGHT - PANOS MAKRINOS
As we are heading towards the end of the year we could argue that most of those involved in the shipping industry share mixed feelings for 2015. Th ...


Wednesday, 23 December 15
FOB NEWCASTLE COAL SWAP CLOSES FIRM
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery up $0.45 per ton (1.22%) month over month to US$ 37.20 per ton. The swap wa ...


Tuesday, 22 December 15
3800 GAR INDEX CLOSED AT US$ 22.03 PER TON; DOWN 0.15% W-O-W
COALspot.com: The 5000 GAR CS (i) coal index decline US$ 0.03 per ton (-0.07 %) week over week. According to the CS (i) coal (system generated ...


Monday, 21 December 15
Q3' 2016 CFR SOUTH CHINA COAL SWAP CLOSED SLIGHTLY LOWER COMPARE TO Q1'16 CLOSING PRICE
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery up US$ 0.20 (0.48%) per ton month over month. A commodity swap is a ...


Sunday, 20 December 15
THE FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK
COALspot.com: The BDI facing all time low's this week. The bulk dry index closed at 477 points on 18 December 2015. The cape index was als ...


   527 528 529 530 531   
Showing 2641 to 2645 news of total 6871
News by Category
Popular News
 
Total Members : 28,624
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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