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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, 20 August 12
CHINESE COAL SWAPS RISE, INDONESIAN COAL CONTRACTS SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost -2.05 percent W-o-W on Friday (17 August 2012) closing but gained ...
Saturday, 18 August 12
BULK FREIGHT MARKETS CONTINUED THEIR DECLINE IN LINE WITH WEAK DEMAND - VISTAAR
COALspot.com - This week also the indices fell on all segments with BDI touching lowest in almost 3 years.
The BDI closed at 714 points down by 7 ...
Thursday, 16 August 12
PUBLIC PRIVATE PARTNERSHIPS CONFERENCE 2012
Press Release - Asia’s Premier Public Private Partnerships Conference 2012 will showcase commercial opportunities for investors and developers ...
Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal mark ...
Tuesday, 14 August 12
SAKARI ENTERED INTO JV IN CAMBODIA TO EXPLORE COAL OPPORTUNITIES
COALspot.com - Sakari joints hands with The Royal Group of Companies in Cambodia to explore and develop coal opportunities throughout the country.
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- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
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