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, 17 February 15
FOB SUB-BIT INDONESIA COAL SWAP UP 8% MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 rose week over week and month on month. The Q2 swap up US$ 3.58 (+8.00%) month o ...


Tuesday, 17 February 15
Q2' FOB RICHARDS BAY COAL SWAP CLOSED AT $63.45; $ 1.85 HIGHER COMPARED TO Q4 CLOSING
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month, week on week and day on day. The Q2 swap has ...


Monday, 16 February 15
COAL MINING SLUMP A BLESSING IN DISGUISE - THE JAKARTA POST
The growth of the coal-mining industry, which has diminished in the last two years, is expected to slump even further this year following weakening ...


Monday, 16 February 15
FOB NEWCASTLE COAL SWAPS SURGE WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 1.31 per MT (+2.59%) week over week and US$ 4.35 (+9.13%) month on ...


Monday, 16 February 15
Q2' 15 - CFR SOUTH CHINA COAL SWAP ROSE 5.22% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 2.88 (+5.22%) per MT month over month and US$ 1.08  (+1.90% ...


   637 638 639 640 641   
Showing 3191 to 3195 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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