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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 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
Tuesday, 04 September 12
ORPHEUS SECURES ADDITIONAL SIGNIFICANT KINTAP COAL PROJECT IN SOUTH KALIMANTAN
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced that it has secured a 50% equity ownership in an additional tenement ...
Monday, 03 September 12
SHIPOWNERS TO WAIT FOR FURTHER PRICE REDUCTIONS IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With September now upon us, shipbrokers are looking towards an interesting winter season, as ship owners are looking to capitalize on more second ha ...
Sunday, 02 September 12
ADAROS COAL ROYALTIES TO THE GOVERNMENT INCREASED BY 10.5 PERCENT Y-O-Y TO US$196.8 MILLION
COALspot.com - PT Adaro Energy Tbk (IDX: ADRO), the second largest power plant coal producer in Indonesia, announced its consolidated auditor-review ...
Saturday, 01 September 12
FALLING PRICES; BLEEDING MINERS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 4.070 percent and 0.422 percent respectively on W-o-W and D- ...
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- Bahari Cakrawala Sebuku - Indonesia
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- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- The University of Queensland
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
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- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
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- Ceylon Electricity Board - Sri Lanka
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- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
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- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Latin American Coal - Colombia
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- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
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- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
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- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
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- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
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- Energy Link Ltd, New Zealand
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- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
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- Makarim & Taira - Indonesia
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- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
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- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
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- Petron Corporation, Philippines
- Marubeni Corporation - India
- Parliament of New Zealand
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- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
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- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Australian Coal Association
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