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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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Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by ...
Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coa ...
Tuesday, 13 March 12
CLARIFICATION OF GR 24 OF 2012 REQUIRING DIVESTMENT OF FOREIGN OWNERSHIP OVER TIME
ASX Announcement
Global metallurgical coal group, Cokal Limited (ASX-CKA), is responding to the recent announcement of the Indonesian Ministry of ...
Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing in ...
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- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Planning Commission, India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
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