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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, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
...
Thursday, 19 January 12
14TH VOGP MEETING IN HO CHI MINH CITY HANDS OUT LATEST UPDATES AND DEVELOPMENTS IN VIETNAM'S ENERGY INDUSTRY
Press Release: At upcoming 14th Vietnam Oil Gas Power on 27-28 Feb in Ho Chi Minh City the industry’s most influential names including Petrovi ...
Thursday, 19 January 12
DELTA DUNIA SEALS US$820 MIO CONTRACT INSIDER STORIES
Insider Stories reported that, PT Delta Dunia Makmur Tbk (DOID) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ( ...
Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past ...
Wednesday, 18 January 12
DRY BULK MARKET'S DRAMA CONTINUES IN START OF NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of newbuilding deliveries, coupled with a slow start to the new year, a typical trend for the dry bulk market, has led the industry's benc ...
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- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- MS Steel International - UAE
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
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