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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
 COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month fell 5.36 percent, the lowest dropped in last 18 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2012 at US$ 96.65 per ton, US$ 5.47 lower than May 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 May 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 – 30 June 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 June 2012 HBA was 18.80 percent or $22.38 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 30 June 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, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
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- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- The University of Queensland
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
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