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Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
 COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fall by 6.43 percent, the lowest dropped in last 16 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for April 2012 at US$ 105.61 per ton, US$ 7.26 lower than March 2012 Price.
This coal benchmark price was calculated coal with calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the March 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 - 30 April 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. However the full implementation of HBA has started only since September last year.
The April HBA was 13.44 percent lower on Y-o-Y basis.
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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 basis for the export market by 12 January 2014 dried (according to the draft regulation posted on djmbp website). 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.
Indonesia also planning to impose a 25 percent export tax on coal and base metals this year, and 50 percent in 2013.
However, we expect this export tax may not be introduced immediately due to the majority of coal production or exports (70 - 80 percent of Indonesian total coal production or export) are coming from CCoW holders. Under CCoW agreement which was signed between the coal mine contractors and government was not allowing any new duties or taxes on CCoW holders.
Hence government has to convert CCoW to IUP prior to introduce any new taxes or duties, if government want to enjoy benefits from all the coal exports from Indonesia. However, IUP holders are subject to any new taxes or duties. Hence we expect government will focus first to convert the CCoW to IUP rather than introducing any new taxes or duties.
The basis for renegotiation is Law No. 4 /2009 on mining, which has changed the mining-concession regime by introducing a new licensing system (IUP). The law replaces mining authorizations (Kuasa Pertambangan or KP) as well as contracts of work (CoWs) and contracts of coal mining work (CCoW or PKP2B).
According to government officials, number of or majority of CCoW holders are willing to convert CCoW to IUP but the discussions are still on the way. The Ministry of Energy & Mineral Resources of Indonesia wants to complete all the conversion by end of this year.
In coming months Indonesian coal industry can 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, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
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- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
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