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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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Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
Wednesday, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
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- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
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- Eastern Coal Council - USA
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- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
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- Georgia Ports Authority, United States
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- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
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- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
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- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
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- Formosa Plastics Group - Taiwan
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- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- The University of Queensland
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
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- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
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- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
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- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
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- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
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- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
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