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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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Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
Saturday, 17 March 12
THE FREIGHT RATES FOR INDONESIA TO INDIA REMAINED FIRM - VISTAAR SINGAPORE
COALspot.com - The market continued to be firm and all segments were up except for Cape Index which was down by 2.46 pct closing at 1,466 points.
...
Saturday, 17 March 12
INDIAN GOVT FINALIZES DRAFT BILL FOR COAL REGULATOR - PTI
The coal sector would soon get a regulator as the government has finalised a draft bill for the purpose, Coal Minister Sriprakash Jaiswal said Wedne ...
Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres ...
Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits ...
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- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
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