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, 07 July 14
RBCT, THE WORLD'S SINGLE LARGEST EXPORT COAL TERMINAL SHIPPED 31.91 MMT OF COAL IN H1 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 31.91 million ton ...


Monday, 07 July 14
SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL SHIPPED 12% LESS COAL IN JUNE COMPARED TO MAY EXPORTS
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 4.91 million tons ...


Monday, 07 July 14
INDONESIAN SUB-BIT COAL SWAPS FOR Q3 DELIVERY CRASHES THROUGH $ 54.50
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...


Monday, 07 July 14
API 8 CFR SOUTH CHINA COAL SWAPS SHOW A DOWNWARD TREND THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 drops US$ 5.47 month on month on Friday, dipping under $68 a ton. The CFR South Ch ...


Sunday, 06 July 14
PANAMAX INDEX BEING THE BIGGEST GAINER THIS WEEK; UP 52.75% W-O-W
COALspot.com: This week there was some positive signs in all the sectors. The Panamax index being the biggest gainer this week after losing for sev ...


   723 724 725 726 727   
Showing 3621 to 3625 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 ...

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