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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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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
Insider Stories reported that, PT Mitra Alam Segara Sejati, a subsidiary that is 60% owned by PT Mitrabahtera Segara Sejati Tbk (MBSS), has secur ...
Sunday, 03 June 12
TTI ESTABLISHES COAL TRADING & MARKETING OFFICE
COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s fi ...
Sunday, 03 June 12
FREIGHT MARKET CONTINUING ITS DECLINE
COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points.
The Cape Size ...
Friday, 01 June 12
TNPL HAS SECURED 300K MT OF 6000 GAD COAL AT US$ 81 CNF TUTICORIN
COALspot.com - An India based coal trader Adani has offered the lowest price of US$ 81.00 per metric ton for calorific value of 6000 GAD and 15 perc ...
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- Renaissance Capital - South Africa
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- The Treasury - Australian Government
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- Wilmar Investment Holdings
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- Bulk Trading Sa - Switzerland
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- Leighton Contractors Pty Ltd - Australia
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- Interocean Group of Companies - India
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- Economic Council, Georgia
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- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
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- Tata Chemicals Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
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- Tamil Nadu electricity Board
- Australian Coal Association
- Larsen & Toubro Limited - India
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- Planning Commission, India
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- New Zealand Coal & Carbon
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- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
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- Vedanta Resources Plc - India
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- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
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- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
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- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
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- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
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- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
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- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
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- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
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- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Singapore Mercantile Exchange
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- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
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- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
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- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
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- GVK Power & Infra Limited - India
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- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
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- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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