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

Monday, 01 June 15
35,000 MW POWER PLANTS TO BOOST COAL CONSUMPTION - JP
The government’s program to develop 35,000 megawatt (MW) power plants will increase domestic coal consumption, which currently stands at arou ...


Monday, 01 June 15
API 5 FOB NEWCASTLE COAL SWAP; Q1'16 CLOSED LOWER COMPARED TO Q3'15
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.36 per MT (0.80%) month over month. The swap was closed at US$ ...


Monday, 01 June 15
CFR SOUTH CHINA COAL SWAP: GAINED W-W, M-M; Q1'16 CLOSED HIGHER THAN Q3'15
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.15 (2.26%) per MT month over month. A commodity swap is a f ...


Sunday, 31 May 15
CAPE AND PANAMAX SEGMENTS SLIDE CONTINUES
COALspot.com:   The BDI was up about 0.5 pct week on week and closed at 589 points while the cape index was fell 0.73 pct and closed at 810 po ...


Friday, 29 May 15
DRY BULK MARKET IS THE VICTIM OF A SHIFT IN DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The fall in dry bulk freight rates is attributed, in large part, to the substantial decrease of China’s thermal coal imports, a major commodi ...


   598 599 600 601 602   
Showing 2996 to 3000 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 ...

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