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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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Monday, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD
In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is u ...
Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER
COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, m ...
Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of co ...
Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (appro ...
Wednesday, 25 December 13
DRY BULK INDEX LOST SOME GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Softer - )
The Dry Bulk Index lost some ground this past week, on the back of activity slowing down befor ...
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- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Australian Coal Association
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
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