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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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Saturday, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which ha ...
Friday, 11 November 11
PETROCOM ENERGY PLANS $40M TO BUILD COAL PLANT IN CILEGON - JP
The Jakarta Post reported that, Hong Kong-based Petrocom Energy Ltd has unveiled plans to invest up to US$40 million on a proposed coal-blending fac ...
Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT ...
Thursday, 10 November 11
INDONESIAN REFERENCE COAL PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at U ...
Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ...
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- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- MS Steel International - UAE
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
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