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Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
 COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal spot price benchmark for October 2011 at US$ 119.24 per ton, US$ 2.56 higher than September 2011 Price.
This coal benchmark price was calculated coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
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% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 October 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all future spot and term contracts. The June HBA was 28.65 percent higher Y-o-Y.
The price was only valid for the spot price, while as for term price, the average reference price (HPB) of the previous 3 months. (50% of last month HPB, 30% of a month earlier HPB and 20% of two-month earlier HPB) for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and transshipment 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. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tone and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
On Thursday, finance minister of Indonesia sets coal as one of 15 products – along with carbonated soft drinks; electric cigarettes; dyes, monosodium glutamate; and diamonds – that should be levied. Indonesia’s excise law says the government can impose excise, or a specific tax, on goods that have negative impact to humans or the environment, as reported by Jakarta Globe on 2 October 2011.
In coming years Indonesian coal industry will see a number of new regulations and restriction related to coal price and export.
Click here for complete details of Indonesian coal reference prices since Jan 2009.(cs)
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Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
Thursday, 06 October 11
SOUTH EAST ASIAS AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
COALspot.com - Wood Mackenzie says that South East Asia’s demand growth for new power generation is so aggressive that new power generation in ...
Thursday, 06 October 11
CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012 - MISWIN MAHESH
COALspot.com - We expect Chinese demand growth for imported steam coal to moderate over the next year. Steam coal imports into China will modera ...
Wednesday, 05 October 11
MINISTRY STICKING TO RAW COMMODITY EXPORT BAN DESPITE INDUSTRY FEARS - JG
The Jakarta Globe, the one of the leading English news paper in Indonesia, reported that, the details of a controversial new regulation that would b ...
Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points.
The Capes saw the greatest movement, sliding - ...
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- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
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