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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, 20 April 12
BUMA HAS PRODUCED 2.6 MILLION TONS OF COAL IN MARCH 2012
COALspot.com - BUMA has removed 28.0 million bcm (+6.4% YoY) of overburden in March 2012 while coal production was at 2.6 million tons (+1.3% YoY).
...
Thursday, 19 April 12
FRESH COAL SALES FROM JATENERGYS JONGKANG MINES
COALspot.com - Energy company Jatenergy Ltd (ASX code JAT) announced today that it had signed a contract for an 11,000 tonne coal sale due for shipm ...
Thursday, 19 April 12
HANDY - 'POSITIVE TREND', PANAMAX - 'A FIRMER TENDENCY', CAPESIZE - 'AGAIN NEGATIVE'
Handy
The positive trend from last week continued, with more cargoes entering the market. Skaw/Passero del fixed tick above USD 4000 for US Gulf di ...
Thursday, 19 April 12
WILLIS MARINE MARKET REVIEW FORECASTS ANOTHER DIFFICULT YEAR - WILLIS GLOBAL MARINE / HELLENIC SHIPPING
After an inauspicious start, 2012 could well be "another difficult and uncertain year for the maritime industry faced with the aftermath of the ...
Wednesday, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
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- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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