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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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Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...
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- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
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