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Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 117.61 per ton, which was 3.61 percent lesser than April 2011 price of US$ 122.02.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The May HBA was 27.73 percent higher Y-o-Y.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month.
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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2011.
Any deliver of cargo after 31 May, must be used June 2011 HPB unless the deliveries fall under term contract.
Director General Mineral and Coal have declared today coal reference price for May 2011. The declared HBA was at US$ 117.61 per ton FOB vessel a marginal drop of US$ 4.41 per ton or down 3.61 percent compared with April 2011 Coal reference price. Government has taken around nine days to release this month HBA.
The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the third continues drop since March 2011.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 52 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transhipment 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.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
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- Parliament of New Zealand
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- Chamber of Mines of South Africa
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- Australian Commodity Traders Exchange
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- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
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- Ministry of Mines - Canada
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- GN Power Mariveles Coal Plant, Philippines
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- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
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- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
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- Medco Energi Mining Internasional
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- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
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- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
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- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
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- Economic Council, Georgia
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- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- The University of Queensland
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- Bahari Cakrawala Sebuku - Indonesia
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- Indonesian Coal Mining Association
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- PetroVietnam Power Coal Import and Supply Company
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- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
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