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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, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...
Sunday, 15 January 12
THE FREIGHT MARKET CONTINUED TO BLEED - VISTAAR
COALspot.com - "The markets continued to bleed with BDI touching almost 1000 points , almost reaching the collapse of 2008 levels," said C ...
Saturday, 14 January 12
GOLDEN MINES TO SUPPLY 4 MIO TONS - INSIDER STORIES
Insider Stories reported that, Coal miner under Sinarmas Group PT Golden Energy Mines Tbk (GEMS), a subsidiary of PT Dian Swastatika Sentosa Tbk (DS ...
Friday, 13 January 12
DIFFICULT START OF 2012 FOR DRY BULK MARKET SEEN HARD TO CHANGE IN THE COURSE OF THE YEAR, UNLESS DEMOLITION PICKS UP
The dry bulk market has been on a freefall this week after a rocky start to the new year. Yesterday, the BDI (Baltic Dry Index) the industry's benc ...
Thursday, 12 January 12
DRY BULK MARKET CRASHING AT START OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept being on freefall mode yesterday, with the industry's benchmark, the BDI (Baltic Dry Index) losing a massive 5.17% on ...
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- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
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