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Wednesday, 11 July 12
HBA DROPPED SHARPLY IN JULY
 COALspot.com - Indonesian HBA fell to lowest level since September 2010 in July 2012. The monthly coal reference price for coal sales this month fell 9.41 percent, the lowest dropped in last 22 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for July 2012 at US$ 87.56 per ton, US$ 9.09 lower than June 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 – 31 July 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 July 2012 HBA was 25.95 percent or $ 30.68 lower Y-o-Y basis.
The price was only valid for the spot price (loading before 31 July 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 government has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. According to Mining law 04/2009, the coal producers of Indonesia were asked to add value for their product such as washing, crushing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
Wednesday, 11 July 12
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 1.26 PER TON
COALspot.com - Sub-Bit FOB Indonesia Coal decline for a second day yesterday, according to SGX AsiaClear OTC Coal Swaps. The prices for shipments to ...
Tuesday, 10 July 12
DRY BULK MARKET RECORDS MODEST GAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher on Monday, with the Baltic Dry Index (BDI) ending the session up by 5 points to 1,162. Most markets were hig ...
Saturday, 07 July 12
INDONESIA-JAPAN RELATIONS TURN SOUR - THE JAKARTA POST
The Jakarta Post, the one of the leading Indonesian English new papers reported that, Bilateral relations between Indonesia and Japan have recently ...
Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
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- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
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