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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
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 May 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 spot and term contracts. However the full implementation of HBA has started only since September 2011.
The May 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (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 61 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.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. 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 and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
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- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
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- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
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- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
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- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
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- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
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- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
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- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
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- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
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- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- The Treasury - Australian Government
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- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
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- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Chamber of Mines of South Africa
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- Australian Coal Association
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- Thai Mozambique Logistica
- Independent Power Producers Association of India
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- Africa Commodities Group - South Africa
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- Rashtriya Ispat Nigam Limited - India
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- Economic Council, Georgia
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- White Energy Company Limited
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Interocean Group of Companies - India
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- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
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- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
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- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
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- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
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- Cement Manufacturers Association - India
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- IHS Mccloskey Coal Group - USA
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