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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, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000 Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...
Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy
The market remained variable.
Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...
Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...
Tuesday, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
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Showing 4726 to 4730 news of total 6871 |
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- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Planning Commission, India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
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