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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
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% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However the full implementation of HBA has started only since September 2011.
The May 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 61 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 have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Monday, 24 June 24
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Friday, 14 June 24
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- Interocean Group of Companies - India
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- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
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- Karbindo Abesyapradhi - Indoneisa
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- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
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- Sree Jayajothi Cements Limited - India
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- SMG Consultants - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
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- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
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- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
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- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
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- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
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- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
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- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- European Bulk Services B.V. - Netherlands
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- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
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- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Independent Power Producers Association of India
- The University of Queensland
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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