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, 05 August 15
SHIPPING MARKET INSIGHT - KATERINA RESTIS
On July 14th, 2015 a historical consensus was reached in Vienna between Iran and the five permanent members of the U.N. Security Council, plus Germ ...


Wednesday, 05 August 15
COAL CONSUMPTION POSTED THE STRONGEST GROWTH AMONG THE FOSSIL ENERGY SOURCES IN 2014 - VDKI
Coal 2014: again the world's fastest-growing primary energy source and an indispensable asset for the success of the energy turnaround. Ac ...


Wednesday, 05 August 15
FOB INDONESIA THERMAL COAL SWAPS FALL
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week, this past week. The 4Q swap was declined $ ...


Wednesday, 05 August 15
DRY BULKER PRICES START TO FIRM UP AS MARKET SENTIMENT IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Market pessimism in the dry bulk industry, a trend which had established itself over the course of the year, has started to fade away over the past ...


Tuesday, 04 August 15
FOB RICHARDS BAY COAL SWAPS CONTINUE TO FALL DUE TO SLIDING DEMAND
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week. The 4Q swap was down US$ ...


   576 577 578 579 580   
Showing 2886 to 2890 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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