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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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Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
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- Straits Asia Resources Limited - Singapore
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- Samtan Co., Ltd - South Korea
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- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
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- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
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- Jaiprakash Power Ventures ltd
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- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Australian Coal Association
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Posco Energy - South Korea
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
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