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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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Wednesday, 23 July 14
WEEKLY SHIPPING MARKET INSIGHT - INTERMODAL
In Australia, the world’s largest mining group, BHP Billiton, will beat the iron ore export target of more than 220 million tonnes for 2014. ...
Wednesday, 23 July 14
HARD COAL 2013: THE WORLD'S SECOND-MOST IMPORTANT ENERGY SOURCE AND GUARANTOR FOR THE SECURITY OF ENERGY SUPPLIES DURING TIMES OF CRISIS
Hard coal is again in 2013 the fastest-growing fossil primary energy source in the world. As shown in the BP Statistical Review 2014, it covered ab ...
Tuesday, 22 July 14
INDONESIAN ELECTION RESULT ENCOURAGING FOR FOREIGN INVESTMENT IN ENERGY AND MINING SECTORS - WOOD MACKENZIE
Joko Widodo-Jusuf Kalla has been announced as the official winner of Indonesia's presidential election. Joko Widodo, or Jokowi, is viewed as a ...
Tuesday, 22 July 14
THE CURRENT COAL PRICES ARE UNPROFITABLE FOR MINERS; COAL PRICES WILL GRADUALLY INCREASE - FITCH
COALspot.com: The Fitch Ratings expect the benchmark Newcastle coal prices (currently at about USD70/MT) to gradually increase.
Fitch's la ...
Tuesday, 22 July 14
SUB-BIT FOB INDONESIA COAL Q3' 14 DOWN 5.21%; Q4' 14 DOWN 3.56%; Q1' 15 DOWN 4.75% M-O-M
COALspot.com: Indonesian coal swaps for average Q3’ 2014 flat on day, weak week on week and on month according to AsiaClear OTC coal swap' ...
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- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
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