COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down. The BDI was down by 6.58 pct closing at 1,037 points and the ...


Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...


Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...


Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...


Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...


   929 930 931 932 933   
Showing 4651 to 4655 news of total 6871
News by Category
Popular News
 
Total Members : 28,624
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • White Energy Company Limited
  • CCIC - Indonesia
  • Vitol - Bahrain
  • Shenhua Group - China
  • BRS Brokers - Singapore
  • Merrill Lynch Commodities Europe
  • Latin American Coal - Colombia
  • Global Green Power PLC Corporation, Philippines
  • Formosa Plastics Group - Taiwan
  • Karaikal Port Pvt Ltd - India
  • London Commodity Brokers - England
  • Jaiprakash Power Ventures ltd
  • Grasim Industreis Ltd - India
  • Australian Coal Association
  • Cebu Energy, Philippines
  • Chettinad Cement Corporation Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Samtan Co., Ltd - South Korea
  • Georgia Ports Authority, United States
  • Sojitz Corporation - Japan
  • Barasentosa Lestari - Indonesia
  • The State Trading Corporation of India Ltd
  • Aboitiz Power Corporation - Philippines
  • Electricity Generating Authority of Thailand
  • Manunggal Multi Energi - Indonesia
  • Coal and Oil Company - UAE
  • Parry Sugars Refinery, India
  • Platou - Singapore
  • Sree Jayajothi Cements Limited - India
  • Antam Resourcindo - Indonesia
  • Freeport Indonesia
  • Coeclerici Indonesia
  • IOL Indonesia
  • Central Java Power - Indonesia
  • Qatrana Cement - Jordan
  • Mjunction Services Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Cement Manufacturers Association - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kobexindo Tractors - Indoneisa
  • Iligan Light & Power Inc, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • TRAFIGURA, South Korea
  • Wood Mackenzie - Singapore
  • Rudhra Energy - India
  • Electricity Authority, New Zealand
  • Baramulti Group, Indonesia
  • TNPL - India
  • Parliament of New Zealand
  • Reliance Power - India
  • Directorate Of Revenue Intelligence - India
  • Trasteel International SA, Italy
  • Maersk Broker
  • Neyveli Lignite Corporation Ltd, - India
  • DBS Bank - Singapore
  • Meenaskhi Energy Private Limited - India
  • Bukit Makmur.PT - Indonesia
  • The India Cements Ltd
  • Vale Mozambique
  • Bhatia International Limited - India
  • VISA Power Limited - India
  • Xstrata Coal
  • Mitra SK Pvt Ltd - India
  • Geoservices-GeoAssay Lab
  • South Luzon Thermal Energy Corporation
  • Price Waterhouse Coopers - Russia
  • Port Waratah Coal Services - Australia
  • ACC Limited - India
  • NTPC Limited - India
  • globalCOAL - UK
  • Intertek Mineral Services - Indonesia
  • Thiess Contractors Indonesia
  • Independent Power Producers Association of India
  • Lanco Infratech Ltd - India
  • Russian Coal LLC
  • Cigading International Bulk Terminal - Indonesia
  • Cardiff University - UK
  • Karbindo Abesyapradhi - Indoneisa
  • Bayan Resources Tbk. - Indonesia
  • Mercuria Energy - Indonesia
  • Idemitsu - Japan
  • Pipit Mutiara Jaya. PT, Indonesia
  • Indogreen Group - Indonesia
  • Kobe Steel Ltd - Japan
  • Lafarge - France
  • Ind-Barath Power Infra Limited - India
  • Ministry of Finance - Indonesia
  • GMR Energy Limited - India
  • Jindal Steel & Power Ltd - India
  • Riau Bara Harum - Indonesia
  • PLN - Indonesia
  • Ministry of Transport, Egypt
  • PetroVietnam Power Coal Import and Supply Company
  • Indo Tambangraya Megah - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SUEK AG - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Bhushan Steel Limited - India
  • IEA Clean Coal Centre - UK
  • Adani Power Ltd - India
  • Posco Energy - South Korea
  • Pendopo Energi Batubara - Indonesia
  • Cemex - Philippines
  • International Coal Ventures Pvt Ltd - India
  • Petrosea - Indonesia
  • Indian School of Mines
  • Central Electricity Authority - India
  • CNBM International Corporation - China
  • TNB Fuel Sdn Bhd - Malaysia
  • Sical Logistics Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Gresik Semen - Indonesia
  • Carbofer General Trading SA - India
  • Ceylon Electricity Board - Sri Lanka
  • UOB Asia (HK) Ltd
  • Peabody Energy - USA
  • ING Bank NV - Singapore
  • Larsen & Toubro Limited - India
  • Global Business Power Corporation, Philippines
  • GHCL Limited - India
  • Permata Bank - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Power Finance Corporation Ltd., India
  • PowerSource Philippines DevCo
  • PTC India Limited - India
  • Mercator Lines Limited - India
  • Mintek Dendrill Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Standard Chartered Bank - UAE
  • KOWEPO - South Korea
  • Romanian Commodities Exchange
  • TeaM Sual Corporation - Philippines
  • GAC Shipping (India) Pvt Ltd
  • Borneo Indobara - Indonesia
  • Bank of China, Malaysia
  • India Bulls Power Limited - India
  • RBS Sempra - UK
  • Argus Media - Singapore
  • Minerals Council of Australia
  • Indorama - Singapore
  • World Coal - UK
  • U S Energy Resources
  • Japan Coal Energy Center
  • Orica Australia Pty. Ltd.
  • Surastha Cement
  • The University of Queensland
  • Gujarat Sidhee Cement - India
  • ANZ Bank - Australia
  • Panama Canal Authority
  • Asia Cement - Taiwan
  • Salva Resources Pvt Ltd - India
  • Cargill India Pvt Ltd
  • APGENCO India
  • Thomson Reuters GRC
  • Dalmia Cement Bharat India
  • Ministry of Mines - Canada
  • JPower - Japan
  • Bank of America
  • Uttam Galva Steels Limited - India
  • Sarangani Energy Corporation, Philippines
  • Thermax Limited - India
  • EMO - The Netherlands
  • Deloitte Consulting - India
  • PLN Batubara - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Maybank - Singapore
  • Wilmar Investment Holdings
  • Infraline Energy - India
  • Ince & co LLP
  • Pinang Coal Indonesia
  • GNFC Limited - India
  • Adaro Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Coalindo Energy - Indonesia
  • HSBC - Hong Kong
  • Madhucon Powers Ltd - India
  • Merrill Lynch Bank
  • Coastal Gujarat Power Limited - India
  • Medco Energi Mining Internasional
  • Thriveni
  • OCBC - Singapore
  • Tamil Nadu electricity Board
  • Moodys - Singapore
  • The Treasury - Australian Government
  • Alfred C Toepfer International GmbH - Germany
  • SRK Consulting
  • TGV SRAAC LIMITED, India
  • Platts
  • Malabar Cements Ltd - India
  • KPCL - India
  • Coal India Limited
  • bp singapore
  • Bhoruka Overseas - Indonesia
  • UBS Singapore
  • Globalindo Alam Lestari - Indonesia
  • Heidelberg Cement - Germany
  • Inspectorate - India
  • IHS Mccloskey Coal Group - USA
  • Asian Development Bank
  • Xindia Steels Limited - India
  • JPMorgan - India
  • PNOC Exploration Corporation - Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Agrawal Coal Company - India
  • Maruti Cements - India
  • Enel Italy
  • Sinarmas Energy and Mining - Indonesia
  • Siam City Cement - Thailand
  • Star Paper Mills Limited - India
  • Edison Trading Spa - Italy
  • SMC Global Power, Philippines
  • Tata Power - India
  • Attock Cement Pakistan Limited
  • GB Group - China
  • Eastern Coal Council - USA
  • SASOL - South Africa
  • KEPCO - South Korea
  • Petron Corporation, Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Mitsui
  • Siam City Cement PLC, Thailand
  • Aditya Birla Group - India
  • BNP Paribas - Singapore
  • SMG Consultants - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • NALCO India
  • Coal Orbis AG
  • Indika Energy - Indonesia
  • ASAPP Information Group - India
  • Kepco SPC Power Corporation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • KPMG - USA
  • Inco-Indonesia
  • MS Steel International - UAE
  • Energy Development Corp, Philippines
  • CESC Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Mitsubishi Corporation
  • Meralco Power Generation, Philippines
  • Core Mineral Indonesia
  • CoalTek, United States
  • Bulk Trading Sa - Switzerland
  • Eastern Energy - Thailand
  • Humpuss - Indonesia
  • Banpu Public Company Limited - Thailand
  • Africa Commodities Group - South Africa
  • Goldman Sachs - Singapore
  • McConnell Dowell - Australia
  • ETA - Dubai
  • Altura Mining Limited, Indonesia
  • Mechel - Russia
  • Simpson Spence & Young - Indonesia
  • Cosco
  • Indian Oil Corporation Limited
  • Singapore Mercantile Exchange
  • Bukit Baiduri Energy - Indonesia
  • World Bank
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • MEC Coal - Indonesia
  • Essar Steel Hazira Ltd - India
  • Semirara Mining and Power Corporation, Philippines
  • Credit Suisse - India
  • Gujarat Electricity Regulatory Commission - India
  • WorleyParsons
  • Renaissance Capital - South Africa
  • Kohat Cement Company Ltd. - Pakistan
  • GN Power Mariveles Coal Plant, Philippines
  • EIA - United States
  • Economic Council, Georgia
  • Planning Commission, India
  • Savvy Resources Ltd - HongKong
  • Semirara Mining Corp, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bharathi Cement Corporation - India
  • Thai Mozambique Logistica
  • Runge Indonesia
  • Therma Luzon, Inc, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Sakthi Sugars Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Clarksons - UK
  • Anglo American - United Kingdom
  • Kumho Petrochemical, South Korea
  • Global Coal Blending Company Limited - Australia
  • Deutsche Bank - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Sucofindo - Indonesia
  • Thailand Anthracite
  • GVK Power & Infra Limited - India
  • Binh Thuan Hamico - Vietnam
  • Noble Europe Ltd - UK
  • Kideco Jaya Agung - Indonesia
  • Gupta Coal India Ltd
  • Jatenergy - Australia
  • PetroVietnam
  • ICICI Bank Limited - India
  • Tata Chemicals Ltd - India
  • Ambuja Cements Ltd - India
  • Fearnleys - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Total Coal South Africa
  • Interocean Group of Companies - India
  • San Jose City I Power Corp, Philippines
  • Vedanta Resources Plc - India
  • IMC Shipping - Singapore
  • Marubeni Corporation - India
  • Samsung - South Korea
  • Tanito Harum - Indonesia
  • Berau Coal - Indonesia
  • CIMB Investment Bank - Malaysia
  • Coaltrans Conferences
  • Arch Coal - USA
  • Shree Cement - India
  • Indonesia Power. PT
  • Orica Mining Services - Indonesia
  • Bangkok Bank PCL
  • Ernst & Young Pvt. Ltd.
  • European Bulk Services B.V. - Netherlands
  • Makarim & Taira - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Directorate General of MIneral and Coal - Indonesia
  • TANGEDCO India
  • Arutmin Indonesia
  • Glencore India Pvt. Ltd
  • Kalimantan Lumbung Energi - Indonesia
  • Britmindo - Indonesia
  • Malco - India
  • Maharashtra Electricity Regulatory Commission - India
  • J M Baxi & Co - India
  • Kartika Selabumi Mining - Indonesia
  • SGS (Thailand) Limited
  • Videocon Industries ltd - India
  • Oldendorff Carriers - Singapore
  • Barclays Capital - USA
  • Bukit Asam (Persero) Tbk - Indonesia
  • Kaltim Prima Coal - Indonesia
  • New Zealand Coal & Carbon
  • Indian Energy Exchange, India
  • Metalloyd Limited - United Kingdom
  • Energy Link Ltd, New Zealand
  • Bangladesh Power Developement Board
  • Rio Tinto Coal - Australia
  • Kapuas Tunggal Persada - Indonesia
  • IBC Asia (S) Pte Ltd
  • Vizag Seaport Private Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Australian Commodity Traders Exchange
  • Sindya Power Generating Company Private Ltd
  • LBH Netherlands Bv - Netherlands
  • Indonesian Coal Mining Association
  • Chamber of Mines of South Africa
  • Commonwealth Bank - Australia
  • McKinsey & Co - India
  • Leighton Contractors Pty Ltd - Australia