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

Tuesday, 08 December 15
Q1' 16 API 5 FOB NEWCASTLE COAL SWAP CLOSED AT $ 36.73 A TON; 1.73% HIGHER COMPARED TO Q3' 16 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $1.47 per ton (3.85%) month over month to US$ 36.73 per ton. The swap ...


Tuesday, 08 December 15
HOW TO MITIGATE LEGAL RISKS WHEN PURCHASING BUNKERS - LESSONS LEARNED FROM THE OW BUNKER COLLAPSE - THE SWEDISH CLUB
KNOWLEDGE TO ELEVATE About a year has passed since OW Bunker & Trading A/S filed for bankruptcy. The collapse shows that there are signifi ...


Monday, 07 December 15
5000 GAR CS (I) COAL INDEX REMAIN THE SAME OVER LAST WEEK
COALspot.com: The 5000 GAR CS (i) coal index remain the same over last week. According to the CS (i) coal (system generated) index, the CS 50 ...


Monday, 07 December 15
COAL DEMAND IN 2016 FAILS TO SUPPORT PRICES; CFR SOUTH CHINA COAL SWAPS SEEN AT $US 42 A TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 1.70 (3.88%) per ton month over month. A commodity swap ...


Sunday, 06 December 15
THE BDI DECLINED BY 3.09 PERCENT TO 563 POINTS ON 4 DECEMBER
COALspot.com: The BDI declined by 3.09 percent to 563 points on 4 December 2015. The Cape index was also declined by 10.01 percent to 890 poin ...


   532 533 534 535 536   
Showing 2666 to 2670 news of total 6871
News by Category
Popular News
 
Total Members : 28,616
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
  • Orica Australia Pty. Ltd.
  • Enel Italy
  • Gupta Coal India Ltd
  • Bharathi Cement Corporation - India
  • International Coal Ventures Pvt Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Tata Power - India
  • Siam City Cement - Thailand
  • Meenaskhi Energy Private Limited - India
  • Mercator Lines Limited - India
  • McKinsey & Co - India
  • Semirara Mining Corp, Philippines
  • Metalloyd Limited - United Kingdom
  • AsiaOL BioFuels Corp., Philippines
  • Thai Mozambique Logistica
  • GAC Shipping (India) Pvt Ltd
  • Bulk Trading Sa - Switzerland
  • Core Mineral Indonesia
  • Singapore Mercantile Exchange
  • World Bank
  • Kapuas Tunggal Persada - Indonesia
  • Mjunction Services Limited - India
  • Sakthi Sugars Limited - India
  • Iligan Light & Power Inc, Philippines
  • Mitra SK Pvt Ltd - India
  • Agrawal Coal Company - India
  • Baramulti Group, Indonesia
  • Idemitsu - Japan
  • Standard Chartered Bank - UAE
  • Antam Resourcindo - Indonesia
  • Energy Link Ltd, New Zealand
  • Karbindo Abesyapradhi - Indoneisa
  • Xstrata Coal
  • Straits Asia Resources Limited - Singapore
  • Videocon Industries ltd - India
  • White Energy Company Limited
  • Bank of America
  • WorleyParsons
  • OPG Power Generation Pvt Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Indian Oil Corporation Limited
  • Bhushan Steel Limited - India
  • Eastern Coal Council - USA
  • San Jose City I Power Corp, Philippines
  • RBS Sempra - UK
  • Barclays Capital - USA
  • Asian Development Bank
  • Trasteel International SA, Italy
  • Merrill Lynch Commodities Europe
  • CESC Limited - India
  • NTPC Limited - India
  • Coal and Oil Company - UAE
  • CNBM International Corporation - China
  • CIMB Investment Bank - Malaysia
  • Cardiff University - UK
  • Petron Corporation, Philippines
  • Cosco
  • Independent Power Producers Association of India
  • Kideco Jaya Agung - Indonesia
  • CCIC - Indonesia
  • Cebu Energy, Philippines
  • Dalmia Cement Bharat India
  • Goldman Sachs - Singapore
  • Indian School of Mines
  • Shenhua Group - China
  • Malco - India
  • Cargill India Pvt Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Siam City Cement PLC, Thailand
  • JPMorgan - India
  • Gujarat Sidhee Cement - India
  • Fearnleys - India
  • globalCOAL - UK
  • Coal India Limited
  • Asia Cement - Taiwan
  • Malabar Cements Ltd - India
  • CoalTek, United States
  • PowerSource Philippines DevCo
  • ANZ Bank - Australia
  • Chamber of Mines of South Africa
  • Vale Mozambique
  • APGENCO India
  • ING Bank NV - Singapore
  • TGV SRAAC LIMITED, India
  • Sarangani Energy Corporation, Philippines
  • Manunggal Multi Energi - Indonesia
  • Therma Luzon, Inc, Philippines
  • Kobe Steel Ltd - Japan
  • PetroVietnam Power Coal Import and Supply Company
  • PTC India Limited - India
  • Toyota Tsusho Corporation, Japan
  • Borneo Indobara - Indonesia
  • Humpuss - Indonesia
  • Geoservices-GeoAssay Lab
  • Thiess Contractors Indonesia
  • Indogreen Group - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Posco Energy - South Korea
  • Maharashtra Electricity Regulatory Commission - India
  • UBS Singapore
  • Makarim & Taira - Indonesia
  • MS Steel International - UAE
  • New Zealand Coal & Carbon
  • Surastha Cement
  • ICICI Bank Limited - India
  • Meralco Power Generation, Philippines
  • IOL Indonesia
  • Electricity Authority, New Zealand
  • Infraline Energy - India
  • Mintek Dendrill Indonesia
  • Sical Logistics Limited - India
  • Thomson Reuters GRC
  • Coal Orbis AG
  • Jorong Barutama Greston.PT - Indonesia
  • World Coal - UK
  • Semirara Mining and Power Corporation, Philippines
  • Sree Jayajothi Cements Limited - India
  • GB Group - China
  • GHCL Limited - India
  • Global Business Power Corporation, Philippines
  • Commonwealth Bank - Australia
  • Edison Trading Spa - Italy
  • ACC Limited - India
  • Bangladesh Power Developement Board
  • Planning Commission, India
  • bp singapore
  • The India Cements Ltd
  • Wood Mackenzie - Singapore
  • MEC Coal - Indonesia
  • Tamil Nadu electricity Board
  • Sucofindo - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • VISA Power Limited - India
  • Russian Coal LLC
  • Global Green Power PLC Corporation, Philippines
  • Australian Commodity Traders Exchange
  • India Bulls Power Limited - India
  • The Treasury - Australian Government
  • Kartika Selabumi Mining - Indonesia
  • Uttam Galva Steels Limited - India
  • Kumho Petrochemical, South Korea
  • IHS Mccloskey Coal Group - USA
  • Parry Sugars Refinery, India
  • Indika Energy - Indonesia
  • Tanito Harum - Indonesia
  • Thailand Anthracite
  • Kalimantan Lumbung Energi - Indonesia
  • Jindal Steel & Power Ltd - India
  • London Commodity Brokers - England
  • SMC Global Power, Philippines
  • Kepco SPC Power Corporation, Philippines
  • Adaro Indonesia
  • Indonesia Power. PT
  • PLN - Indonesia
  • Carbofer General Trading SA - India
  • SMG Consultants - Indonesia
  • Thermax Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Oldendorff Carriers - Singapore
  • Simpson Spence & Young - Indonesia
  • Ambuja Cements Ltd - India
  • Orica Mining Services - Indonesia
  • HSBC - Hong Kong
  • GVK Power & Infra Limited - India
  • TNPL - India
  • Neyveli Lignite Corporation Ltd, - India
  • Platts
  • Berau Coal - Indonesia
  • Gresik Semen - Indonesia
  • Ministry of Mines - Canada
  • Cemex - Philippines
  • J M Baxi & Co - India
  • Clarksons - UK
  • The University of Queensland
  • BNP Paribas - Singapore
  • Merrill Lynch Bank
  • Krishnapatnam Port Company Ltd. - India
  • Barasentosa Lestari - Indonesia
  • TANGEDCO India
  • Timah Investasi Mineral - Indoneisa
  • Mechel - Russia
  • Savvy Resources Ltd - HongKong
  • Latin American Coal - Colombia
  • Anglo American - United Kingdom
  • Qatrana Cement - Jordan
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Argus Media - Singapore
  • Glencore India Pvt. Ltd
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Credit Suisse - India
  • U S Energy Resources
  • GMR Energy Limited - India
  • Deutsche Bank - India
  • Coeclerici Indonesia
  • Jaiprakash Power Ventures ltd
  • Formosa Plastics Group - Taiwan
  • Japan Coal Energy Center
  • Bukit Baiduri Energy - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Gujarat Electricity Regulatory Commission - India
  • IEA Clean Coal Centre - UK
  • EMO - The Netherlands
  • Minerals Council of Australia
  • Noble Europe Ltd - UK
  • Shree Cement - India
  • Ernst & Young Pvt. Ltd.
  • Bhatia International Limited - India
  • TRAFIGURA, South Korea
  • Binh Thuan Hamico - Vietnam
  • ETA - Dubai
  • Maybank - Singapore
  • Africa Commodities Group - South Africa
  • Energy Development Corp, Philippines
  • Coalindo Energy - Indonesia
  • NALCO India
  • Globalindo Alam Lestari - Indonesia
  • PetroVietnam
  • Arutmin Indonesia
  • Sindya Power Generating Company Private Ltd
  • Platou - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • Mercuria Energy - Indonesia
  • Power Finance Corporation Ltd., India
  • Karaikal Port Pvt Ltd - India
  • Ince & co LLP
  • Pinang Coal Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Star Paper Mills Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • ASAPP Information Group - India
  • Lanco Infratech Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • Tata Chemicals Ltd - India
  • Vedanta Resources Plc - India
  • PLN Batubara - Indonesia
  • Thriveni
  • Directorate General of MIneral and Coal - Indonesia
  • Economic Council, Georgia
  • Intertek Mineral Services - Indonesia
  • Inco-Indonesia
  • Maruti Cements - India
  • DBS Bank - Singapore
  • McConnell Dowell - Australia
  • KOWEPO - South Korea
  • Vizag Seaport Private Limited - India
  • SRK Consulting
  • Britmindo - Indonesia
  • Rio Tinto Coal - Australia
  • KEPCO - South Korea
  • Samsung - South Korea
  • Cigading International Bulk Terminal - Indonesia
  • SUEK AG - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Ministry of Transport, Egypt
  • Eastern Energy - Thailand
  • Ceylon Electricity Board - Sri Lanka
  • Vijayanagar Sugar Pvt Ltd - India
  • Bukit Makmur.PT - Indonesia
  • Vitol - Bahrain
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • EIA - United States
  • BRS Brokers - Singapore
  • Bangkok Bank PCL
  • Maheswari Brothers Coal Limited - India
  • Xindia Steels Limited - India
  • Peabody Energy - USA
  • Adani Power Ltd - India
  • OCBC - Singapore
  • Arch Coal - USA
  • Price Waterhouse Coopers - Russia
  • Global Coal Blending Company Limited - Australia
  • Inspectorate - India
  • Bank of China, Malaysia
  • SASOL - South Africa
  • Permata Bank - Indonesia
  • Mitsubishi Corporation
  • Larsen & Toubro Limited - India
  • Rudhra Energy - India
  • Rashtriya Ispat Nigam Limited - India
  • TeaM Sual Corporation - Philippines
  • Indorama - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Kobexindo Tractors - Indoneisa
  • TNB Fuel Sdn Bhd - Malaysia
  • Chettinad Cement Corporation Ltd - India
  • IBC Asia (S) Pte Ltd
  • IMC Shipping - Singapore
  • Maersk Broker
  • Pipit Mutiara Jaya. PT, Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Medco Energi Mining Internasional
  • Lafarge - France
  • Indian Energy Exchange, India
  • Coastal Gujarat Power Limited - India
  • Romanian Commodities Exchange
  • Runge Indonesia
  • Central Electricity Authority - India
  • Jatenergy - Australia
  • Salva Resources Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Marubeni Corporation - India
  • Altura Mining Limited, Indonesia
  • Electricity Generating Authority of Thailand
  • Port Waratah Coal Services - Australia
  • Heidelberg Cement - Germany
  • Moodys - Singapore
  • Parliament of New Zealand
  • Cement Manufacturers Association - India
  • Kaltim Prima Coal - Indonesia
  • Ministry of Finance - Indonesia
  • Sojitz Corporation - Japan
  • Grasim Industreis Ltd - India
  • European Bulk Services B.V. - Netherlands
  • Coaltrans Conferences
  • KPMG - USA
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Alfred C Toepfer International GmbH - Germany
  • Riau Bara Harum - Indonesia
  • Madhucon Powers Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Banpu Public Company Limited - Thailand
  • JPower - Japan
  • Central Java Power - Indonesia
  • Panama Canal Authority
  • Indonesian Coal Mining Association
  • Deloitte Consulting - India
  • Petrosea - Indonesia
  • Interocean Group of Companies - India
  • Sinarmas Energy and Mining - Indonesia
  • The State Trading Corporation of India Ltd
  • Ind-Barath Power Infra Limited - India
  • Reliance Power - India
  • Essar Steel Hazira Ltd - India
  • Renaissance Capital - South Africa
  • UOB Asia (HK) Ltd
  • Freeport Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Gujarat Mineral Development Corp Ltd - India
  • Australian Coal Association
  • GNFC Limited - India
  • Bhoruka Overseas - Indonesia
  • Samtan Co., Ltd - South Korea
  • Attock Cement Pakistan Limited
  • Total Coal South Africa
  • South Luzon Thermal Energy Corporation
  • Georgia Ports Authority, United States
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • SGS (Thailand) Limited
  • Mitsui
  • Aditya Birla Group - India
  • KPCL - India