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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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- Bharathi Cement Corporation - India
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- Bhoruka Overseas - Indonesia
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- Electricity Generating Authority of Thailand
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- Petrochimia International Co. Ltd.- Taiwan
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- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
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- Siam City Cement - Thailand
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- Semirara Mining Corp, Philippines
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- Romanian Commodities Exchange
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- Mercuria Energy - Indonesia
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- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
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- Planning Commission, India
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- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
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- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
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- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
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- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
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- Thiess Contractors Indonesia
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- Parliament of New Zealand
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
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- The State Trading Corporation of India Ltd
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- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
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- White Energy Company Limited
- Edison Trading Spa - Italy
- The Treasury - Australian Government
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- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Singapore Mercantile Exchange
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
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- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
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- Eastern Energy - Thailand
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