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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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Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
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- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Planning Commission, India
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
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