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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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Tuesday, 19 July 22
SEEING RED? - WOOD MACKENZIE
What a Republican mid-term victory could mean for US energy and climate policy
According to current polling the Republican Party has ...
Thursday, 14 July 22
INDIA'S COAL IMPORTS HIT RECORD HIGH IN JUNE - REUTERS
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as ...
Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with ca ...
Wednesday, 13 July 22
KOWEPO TO IMPORT 2.79 MILLION TONS OF LOW TO MEDIUM COAL
COALspot.com: Korea Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1360k MT of Min.4400 kcal/kg NCV coal and Total 1 ...
Wednesday, 13 July 22
HAVE MINERS MISSED THE BOAT TO INVEST AND GET AHEAD OF THE ENERGY TRANSITION? - WOOD MACKENZIE
Miners are in rude health, benefiting from economic stimuli, the post-pandemic recovery and associated supply constraints. Initially the Ukraine wa ...
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- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- The University of Queensland
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
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