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, 05 January 15
CFR SOUTH CHINA COAL SWAPS GAINED WEEK OVER WEEK, SGX DATA SHOWS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 2.50 (-4.02%) month over month and gained US$ 0.20 ( ...


Monday, 05 January 15
FIVE ENERGY SURPRISES FOR 2015: THE POSSIBLE AND THE IMPROBABLE - KURT COBB
The coming year is likely to be as full of surprises in the field of energy as 2014 was. We just don't know which surprises! I am not predictin ...


Monday, 05 January 15
THE SHIPPING MARKET IN 2014 AND LOOKING FORWARD - BIMCO
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat different ...


Monday, 05 January 15
API 5 FOB NEWCASTLE COAL SWAP FOR Q1'15 DELIVERY CLOSED US$ 0.45 HIGHER COMPARED TO Q2'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 0.60 per MT (-1.15%) month over month and gained US$ 0.02 (+0.04%) ...


Sunday, 04 January 15
BALTIC DRY INDEX CONTINUES ITS DECLINE IN 2015
Wish you all a very Happy New Year 2015. The last report was dated 19th Dec 2014 and due to Christmas and new year holidays no reports were publish ...


   654 655 656 657 658   
Showing 3276 to 3280 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 ...

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