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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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Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
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- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- PTC India Limited - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
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