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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, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
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Showing 4811 to 4815 news of total 6871 |
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- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Economic Council, Georgia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- The University of Queensland
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Australian Coal Association
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
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