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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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Tuesday, 28 January 14
RESOURCE NATIONALISM OR PROTECTIONISM FOR THE MINING AND EXTRACTIVES INDUSTRY - JOHN WHITTAKER & MICHAEL SWANGARD
Resource nationalism or protectionism for the mining and extractives industry as well as soft commodities sector and the oil industry.
‘Res ...
Tuesday, 28 January 14
DRY BULK SHIP OWNERS RETREAT TO OLD 'HABITS', REFUSING TO DEMOLISH OLD VESSELS, THREATENING MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
If one thing is clear as we reflect on the 2013 shipping markets, it's that ship owners took advantage of low prices, in order to acquire newer ton ...
Monday, 27 January 14
MERCATOR SINGAPORE REPORTS 52% INCREASE IN EBITDA FOR Q3 FY 2014 AS COMPARED TO PREVIOUS QUARTER
COALspot.com: Mercator Lines (Singapore) Limited, a leading Indian-owned international dry bulk shipping company that operates a fleet of fourteen d ...
Monday, 27 January 14
13TH CLEAN COAL FORUM 2014
COALspot.com: (Press Release) - Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12 &13 2014 in Beijing, China. We a ...
Monday, 27 January 14
Q3 & Q4 API 8 CFR SOUTH CHINA COAL SWAPS CONTINUE TO REMAIN WEAK
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.45 percent month on month and closed at US$ 79.05 per mt as on Frid ...
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- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
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