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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, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
Monday, 05 March 12
SOME RESOURCE TITANS NOT THRILLED WITH INDONESIAN EXPORT BAN - THE JAKARTA GLOBE
The Jakarta Globe reported that, local representatives of major business associations in East Kalimantan have protested a government regulation that ...
Monday, 05 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
An air of optimism poured in the market this week for dry bulk shippers with the Baltic Dry Index recording daily gains during the end of February b ...
Sunday, 04 March 12
SE ASIA WAS FIRM FOR TRIPS TO INDIA AND CHINA - VISTAAR
COALspot.com - This week saw another upward trend with all indices up and generally market was firm.
The BDI was up by 7.38 pct closing at 771 po ...
Friday, 02 March 12
DJMBP HAS ANNOUNCED SECOND BATCH OF CLEAR N CLEAN CERTIFIED MINERS
COALspot.com - The Directorate general of mineral & coal of Indonesia has announced second batch of companies who have passed IUP Clear and Clea ...
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Showing 4826 to 4830 news of total 6871 |
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- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
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