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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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Sunday, 05 April 15
FREIGHT RATES UNDER PRESSURE WEEK OVER WEEK
COALspot.com: The Indices fell on all segments and the market seemed to soften this week.
The BDI was almost lost 1.34% week over week and clo ...
Saturday, 04 April 15
BORYEONG POWER OF KOMIPO TO BUY TOTALED 695K MT OF HIGH AND LCV COAL
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids from coal producers, marketing companies, or traders to supply of 500000 Metr ...
Friday, 03 April 15
U.S WEEKLY COAL PRODUCTION STAYS FLAT
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 18.3 million short ...
Friday, 03 April 15
TOBA BARA'S PANDU SJAHRIR ELECTED AS NEW CHAIRMAN OF THE INDONESIAN COAL MINING ASSOCIATION
COALspot.com: Pandu Sjahrir, the Vice President Director & CFO of the Jakarta-listed PT Toba Bara Sejahtra — a subsidiary of PT Toba Seja ...
Thursday, 02 April 15
GOVERNMENT MUST WORK WITH MINING, NOT AGAINST IT - PANDU SJAHRIR
The Coal Face: The coal price has hit its lowest point in recent memory
My father used to say to me that his children are his biggest inv ...
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- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Australian Coal Association
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
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