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Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
 COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for March 2012 at US$ 112.87 per ton, US$ 1.29 higher than February 2012 Price.
This coal benchmark price was calculated coal with calorific value of 6,322kcal/kg (GAR), stated to be using formula based on the February 2012 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 March 2012.
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 March HBA was 7.80 percent lower 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 latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB)
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 62 coal types with a quality similar to the coal price markers.
For sales in 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.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried (according to the draft regulation posted on djmbp website) 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 once the regulation issued. The government has also issued a regulation (24/2012) which will limit foreign ownership in mines to 49 percent within 10 years of production.
In coming months Indonesian coal industry will see a number of new regulations.
Click here for complete details of Indonesian coal reference prices since Jan 2009.(cs)
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Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...
Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8 ...
Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entitie ...
Wednesday, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing
China is rep ...
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- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
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