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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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Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS
Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.For indo-india, large eco ...
Thursday, 27 October 11
DRY BULK MARKET EDGES DOWN AS CHINAS IRON ORE DEMAND LOSES GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A plunge in Chinese iron ore demand, as a result of high steel inventories and a bleak outlook regarding steel prices, has prompted the dry bulk mar ...
Thursday, 27 October 11
BUKIT ASAM 3Q PROFIT SURGES 66.91%
Insider Stories reported that, the state-controlled coal miner PT Bukit Asam Tbk (PTBA) experienced a 66.91% increase in its net profit during a per ...
Wednesday, 26 October 11
MOODYS SEES MORE GROWTH FOR INDONESIAN COAL MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal mining industry looks set to grow despite an uncertain global economic outlook, according to ...
Wednesday, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
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- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Australian Coal Association
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
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