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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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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
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- Goldman Sachs - Singapore
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- Electricity Authority, New Zealand
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- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
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- MS Steel International - UAE
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- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
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- Star Paper Mills Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
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- Indian Oil Corporation Limited
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- Australian Commodity Traders Exchange
- Australian Coal Association
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- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
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- GVK Power & Infra Limited - India
- Parliament of New Zealand
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- Bulk Trading Sa - Switzerland
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- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
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- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
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- Ministry of Mines - Canada
- Petron Corporation, Philippines
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- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Business Power Corporation, Philippines
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- Sojitz Corporation - Japan
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- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
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- Baramulti Group, Indonesia
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- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- The University of Queensland
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- Grasim Industreis Ltd - India
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- Billiton Holdings Pty Ltd - Australia
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- Economic Council, Georgia
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- Salva Resources Pvt Ltd - India
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- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
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