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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, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dr ...
Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...
Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...
Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbun ...
Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...
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- Australian Coal Association
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- Eastern Coal Council - USA
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- Planning Commission, India
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- Ministry of Mines - Canada
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- Meenaskhi Energy Private Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
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- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
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- Parliament of New Zealand
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- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
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- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
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- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
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- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
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- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
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- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
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- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
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- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- India Bulls Power Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
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- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- The University of Queensland
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
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- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
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