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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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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- PTC India Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- White Energy Company Limited
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
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