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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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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
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- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
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- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
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- Minerals Council of Australia
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- Energy Development Corp, Philippines
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- The University of Queensland
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
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- ICICI Bank Limited - India
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- Tata Chemicals Ltd - India
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- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sical Logistics Limited - India
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- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
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- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
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- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
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- Commonwealth Bank - Australia
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- Medco Energi Mining Internasional
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- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Wilmar Investment Holdings
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- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
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- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
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- Power Finance Corporation Ltd., India
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- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
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- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
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- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
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- India Bulls Power Limited - India
- Agrawal Coal Company - India
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- Indonesian Coal Mining Association
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