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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, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
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- Economic Council, Georgia
- Electricity Authority, New Zealand
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- Thai Mozambique Logistica
- Posco Energy - South Korea
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- Madhucon Powers Ltd - India
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- Meralco Power Generation, Philippines
- PTC India Limited - India
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
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- Savvy Resources Ltd - HongKong
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- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
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- Tata Chemicals Ltd - India
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- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
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- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
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- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
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- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
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- The Treasury - Australian Government
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- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
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- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
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- White Energy Company Limited
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- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
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- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
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- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
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- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
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- IHS Mccloskey Coal Group - USA
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- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
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- Bukit Asam (Persero) Tbk - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
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- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
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- Thiess Contractors Indonesia
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- Petron Corporation, Philippines
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- Planning Commission, India
- The State Trading Corporation of India Ltd
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- Metalloyd Limited - United Kingdom
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