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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 3,400 kilocalories per kg. The director general for minerals and coal at the Energy and Mineral Resources Ministry of Indonesia, Thamrin Sihite, on behalf of PT Coalindo Energy has officially launched ICI 5 ( 3400 GAR) on 10 November 2011.
“Currently, we don’t have a market for coal with a calorific value of around 3,000 kcal/kg in the country. However, in the future, there will be more coal-fired power plants built to use low-rank coal, such as the one in Pendopo, South Sumatra, which is owned by DH Energy,” Coalindo’s president director Supriatna Suhala said, as quoted by The Jakarta Post.
PLN, state owned electricity company and the largest consumer of coal in Indonesia wants the ICI 5, which is intended for LRC reference price, should be designed differently as to reflect the domestic price, preferred to be based on cost plus margin approach.
Coalindo is also releasing weekly indexes for other rank coals, such as ICI-1 for 6,500 kcal/kg, ICI-2 for 5,800 kcal/kg, ICI-3 for 5,000 kcal/kg, and ICI-4 for 4,200 kcal/kg.
The methodology used by Coalindo in determining prices is determined by a panel comprising coal producers, buyers, traders and brokers. ICI index is a basket index of Argus (50%) and Coalindo (50%). Argus’s assessment is based on weighted average of deals, as well as bids and offers.
Indonesia’s coal reserves with calorific values 3000 – 3800 kcal/kg on arb basis with TM 50 percent plus the amount to 10 billion tons, according to a presentation presented during launching of ICI 5.
India was the largest buyer of coal with calorific values between 3,800 and 4,000 kcal/kg on arb basis.
According to Thamrin Sihite, the director general for minerals and coal at the Energy and Mineral Resources Ministry of Indonesia, the country’s target is to produce 327 million tons of coal in 2011, comprising 35 million tons of low-rank coal (3,800 – 4,500 kcal/kg); 198 million tons of medium-rank coal (4,900 – 5,200 kcal/kg); and 94 million tons of high-rank coal (5,700 – 6,000 kcal/kg).
Coal production is set for 2012 is 332 million tons, comprising 29.3 million tons of low-rank; 191.6 million tons of medium-rank; and 111.1 million tons of high-rank.
In 2013, production is targeted at 337 million tons, comprising 29.7 million tons of low-rank; 194.5 million tons of medium-rank; and 112.8 million tons of high-rank. In 2014, production is targeted at 342 million tons, comprising 30.2 million tons of LRC; 197.4 million tons of MRC; and 114.4 million tons of HRC.
The director general for minerals said the government would use the ICI-5 to determine the Indonesian Coal Reference Price (HBA/HPB) for low rank coal. If the index [ICI-5] fulfills the criteria of the market, we’ll receive higher royalties (because more mining companies will produce low-rank coal). That’s why we’ll use the index”, as quoted by the Jakarta post.
“In future Indonesia may have two HBA for coal, one for high rank to medium rank coal and another for low rank coal”, Sihite said during launching ceremony.
Recently, the government has proposed to introduce export ban for the coal which is below 5700 kcal/kg on ADB by 2014.
As the director general for minerals and coal has launched (on behalf of PT. Coalindo Energy) the index for 3400 gar coal, it is not clear that, whether government has dropped its plan to ban (export) 5700 below coal by 2014, or planning to revise the minimum permissible calorific value for export.
Indonesian government has set benchmark price for November at US$ 116.65 which is 2.2 percent below October price.
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Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...
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- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
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