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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)
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Saturday, 31 October 15
ADARO ENERGY'S CORE EARNINGS DECLINE 21 PER CENT FOR THE NINE MONTHS PERIOD TO SEPTEMBER 2015
COALspot.com: Adaro Energy's core earnings decline 21% to US$228 Million for first 9months of this year compared to the same period last year. ...
Friday, 30 October 15
INDONESIA'S COAL EXPORTS DROP ON LOW PRICES - THE JAKARTA POST
Indonesia's coal exports significantly dropped in the first nine months of the year as coal companies continued to suffer from low prices in ad ...
Friday, 30 October 15
CHINESE MINERAL IMPORTS: MOVING ON FROM INDONESIA? - CLARKSONS
China has accounted for almost 90% of global imports of nickel ore and bauxite in recent years and was therefore heavily hit by the Indonesian mine ...
Friday, 30 October 15
COAL PRODUCTION IN THE UNITED STATES INCREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...
Thursday, 29 October 15
IRAN'S RETURN TO OIL MARKETS WILL HAVE TEMPERED IMPACT FOR THE TANKER SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While many analysts appear to be fearful of a potential incremental rise in tanker ships’ supply, as a result of the imminent return of Iran ...
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- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- MS Steel International - UAE
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
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