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

Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of  liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...


Thursday, 10 December 15
FOB RICHARDS BAY COAL Q3' 16 DELIVERY SWAP WAS CLOSED 7.27% PER TON LOWER COMPARED TO AVERAGE Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week. The Q1’ 2016 &nbs ...


Wednesday, 09 December 15
U.S. COAL EXPORTS DECLINE IN 2015 DUE TO SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES - EIA
COALspot.com: The slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports in 2015 ...


Wednesday, 09 December 15
DRY BULK EXPERIENCES THE PERFECT STORM - PANOS TSILINGIRIS
Dry bulk experiences the perfect storm as the slowing of demand predominantly because of China sat atop the exaggerated oversupply. The BDI broke t ...


Tuesday, 08 December 15
OPEC'S DECISION BODES WELL FOR THE TANKER MARKET: STRONG MIDDLE EAST CRUDE EXPORTS WILL CONTINUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
OPEC’s latest decision to keep up oil production is seen by shipbrokers as a further boost for the tanker market. At the end of last year OPE ...


   531 532 533 534 535   
Showing 2661 to 2665 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 ...

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