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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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Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
...
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- Kalimantan Lumbung Energi - Indonesia
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- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
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- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
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- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
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- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
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- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
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- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Economic Council, Georgia
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- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
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- Independent Power Producers Association of India
- Planning Commission, India
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- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
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- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
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- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Oldendorff Carriers - Singapore
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- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
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- White Energy Company Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
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- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
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- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
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- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
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- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
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- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
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- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
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- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
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- Borneo Indobara - Indonesia
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- The State Trading Corporation of India Ltd
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