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

Friday, 25 July 14
U.S WEEKLY COAL PRODUCTION UP AROUND 3.5% WEEK ENDED JULY 19
COALspot.com – United States the world's second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...


Thursday, 24 July 14
INDONESIA'S JUNE 2014 COAL EXPORT VOLUME DOWN 6.82%; AVERAGE SELLING PRICE DOWN
COALspot.com:  Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.70* ...


Thursday, 24 July 14
HANDY: SOUTH AFRICA SOFTENED A BIT, HERE RATES ARE AT AROUND 8K +150K BB FOR TRIPS EAST - FEARNLEYS AS
Handy The handy market in the Atlantic is going sideways and a tick down on low activity. Levels hoovering around USD 5k on Supras. The SMX marke ...


Thursday, 24 July 14
INDONESIAN COAL EXPORTERS ARE REQUIRED TO OBTAIN ET-BATUBARA UNDER LATEST TRADE MINISTRY'S NEW REGULATION
COALspot.com: Indonesia's trade ministry has issued regulation No. 39/M-DAG/PER/7/2014  which is requires exporters of power plant coal as ...


Wednesday, 23 July 14
PANAMAXES WERE BACK ON A DOWNWARD COURSE; CAPES WERE FEELING THE MOST PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market was on a downward spiral this week, with the BDI noting another week-on-week decline of the magnitude of 10% this ...


   715 716 717 718 719   
Showing 3581 to 3585 news of total 6871
News by Category
Popular News
 
Total Members : 28,704
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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