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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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Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...
Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8 ...
Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Mini ...
Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entitie ...
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Showing 4816 to 4820 news of total 6871 |
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- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- White Energy Company Limited
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
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