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Wednesday, 30 March 16
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE METHODOLOGY TO DETERMINE THE SELLING PRICE OF COAL TO MINE-MOUTH POWER PLANTS
ESDMCOALspot.com: Ministry of Energy and Mineral Resources (ESDM) of Indonesia to review to revise methodology to determine the selling price of coal to mine-mouth power plants in near future. According to media reports,  the current selling price of coal to mine-mouth power plants are based on production costs (cost) plus a margin of 25 percent.

The state owned power producer and distributor is in the opinion that, the current formula to determine the selling price of coal to mine-mouth power plants are  no longer competitive, compare to the current coal price trend. PLN is asking to review the existing formula according to current pricing trend.

The media reports further noted that, the Director General of Mineral and Coal, Ministry of Energy is also willing to review the existing formula to determine the price of coal that to be supplied to mine mouth power plants. There are possibilities to revise the pricing method from production cost plus 25% margin to upper and lower limit and giving room for producer and end-user to negotiate and finalize the price according to the market trend.


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Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...


Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...


Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!! The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...


Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...


Tuesday, 01 March 16
CAN BULKCARRIER SUPPLY CUTS RESTORE SOME BALANCE? - CLARKSONS
The easing in bulkcarrier deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier fleet growth slow from a rapid 17% ...


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