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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, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
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- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- PTC India Limited - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
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