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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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Friday, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012
- Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...
Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
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Showing 4711 to 4715 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- The University of Queensland
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
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