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, 15 September 15
Q2'16 RICHARDS BAY COAL SWAPS DIP TO $ 51.10 PER TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month. The 4Q swap was down US$ ...


Tuesday, 15 September 15
API 5 FOB NEWCASTLE COAL SWAP FOR 4Q' 2015 DELIVERY CLOSED AT $42.71 PER TON ON 11 SEPT, SGX DATA SHOWS
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery declined $0.94 per MT (-2.15%) month over month to US$ 42.71 per mt. The sw ...


Monday, 14 September 15
Q1'16 CFR SOUTH CHINA COAL SWAP DECLINED $1.80 PMT M-M
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.62 (3.21 %) per MT month over month. A commodity ...


Monday, 14 September 15
MOODY'S LOWERS COMMODITY PRICE ASSUMPTIONS ON MACRO, INDUSTRY FACTORS
COALspot.com: Moody's Investors Service has lowered its base metal price assumptions for 2015-17 as slowing growth in China, lower oil prices, ...


Sunday, 13 September 15
FREIGHT RATES ARE EXPECTED TO BE SOFT NEXT WEEK
COALspot.com: The BDI decreased further by 6.51 per cent or 57 points since last Friday and closed at 818 on 11 September 2015 while the cape index ...


   562 563 564 565 566   
Showing 2816 to 2820 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 ...

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