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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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Wednesday, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
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- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
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