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Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 or 3.4% percent lower than November 2011 price.The November's HBA was at US$ 116.65 per mt.
The Indonesian coal reference price, also known as the HBA, for December has fallen for the second consecutive month to US$112.67 /t, from US$119.24/t in October.
The HBA is the minimum price used for the calculation of taxes for producers pay for all future exports and domestic coal sales. It is calculated using a basket of indices, including the price is a monthly average of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index and the globalCOAL Index from the previous month.
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Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.80%, Ash Content 15.00% and delivery free on Board (FOB) Vessel supply between 1 – 31 December 2011.
Eight brands of Indonesian coal which are most commonly traded in the market. The price marker is used to calculate other coal types with a quality similar to the coal price markers. For spot sales of 11-month or below 11-month supplies, will use coal price reference from the month of loading or B/L date.
For term contracts, the average of coal price reference for the last three months (from the month of price conclusion) is used to set coal prices for a one-year contract. Supplies are limited to a maximum of 12 months.
For sales in the barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
To see the histry of HBA, click here
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Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
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- Goldman Sachs - Singapore
- Eastern Energy - Thailand
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- Georgia Ports Authority, United States
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- Maheswari Brothers Coal Limited - India
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- Port Waratah Coal Services - Australia
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- Siam City Cement PLC, Thailand
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- Xindia Steels Limited - India
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- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
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- Parliament of New Zealand
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- Coal and Oil Company - UAE
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- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
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- Aditya Birla Group - India
- Dalmia Cement Bharat India
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- ICICI Bank Limited - India
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- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
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- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
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- Global Business Power Corporation, Philippines
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- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
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- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
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- Ministry of Finance - Indonesia
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