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, 02 December 14
U.S WEEKLY COAL PRODUCTION FELL 1.4% WEEK ON WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.6  million short tons (mmst) o ...


Tuesday, 02 December 14
FOB RICHARDS BAY COAL SWAPS LOST MONTH OVER MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month, week on week and day over day. The Q1 swap has lost U ...


Tuesday, 02 December 14
SUB-BIT FOB INDONESIA COAL Q1' 15 DELIVERY SWAP CLOSED AT US$ 49.50
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day. The Q1 swap has lost US$ 0.4 ...


Monday, 01 December 14
SGX'S FOB NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 52.50
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.50 on 28 November after losing US$ 1.20 (-2.23%) month ove ...


Monday, 01 December 14
Q2' 15 DELIVERY CFR SOUTH CHINA COAL SWAP CLOSED 0.42% LOWER THAN Q1' 15 DELIVERY CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 2.45 (-3.78%) month over month and US$ 0.67 (-1.06%) we ...


   666 667 668 669 670   
Showing 3336 to 3340 news of total 6871
News by Category
Popular News
 
Total Members : 28,627
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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