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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, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- The University of Queensland
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Australian Coal Association
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
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