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

Wednesday, 09 July 14
PANAMAX MARKET FINALLY CORRECTING UPWARDS; AVERAGE TC MORE THAN DOUBLING WEEK ON WEEK - INTERMODAL
The Dry Bulk market has closed off on Friday on a more positive note, with most segments noting weekly gains and the Panamax market finally correct ...


Wednesday, 09 July 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
The mini-boom in dry bulker values catapulted ship prices too fast too far over the last one-and-a-half year. The concurrence of historically low p ...


Tuesday, 08 July 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN IN JULY; LOST 1.62%
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia again revised down the coal bench mark price in July. HBA for month of J ...


Tuesday, 08 July 14
ENERGY IN THE MIX - INTERMODAL SHIPBROKERS
With the Tanker freight market having showed much promise this year compared to the performance that had been noted during the previous five, it is ...


Monday, 07 July 14
INDONESIA STATE-CONTROLLED COAL MINER BUKIT ASAM TO TRADE COAL ON-LINE THROUGH JFX
COALspot.com: Indonesian state owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) has teamed up with Jakarta Futures Exchange (JFX) to sell ...


   722 723 724 725 726   
Showing 3616 to 3620 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 ...

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