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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, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Australian Coal Association
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
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