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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, 20 April 12
BUMA HAS PRODUCED 2.6 MILLION TONS OF COAL IN MARCH 2012
COALspot.com - BUMA has removed 28.0 million bcm (+6.4% YoY) of overburden in March 2012 while coal production was at 2.6 million tons (+1.3% YoY).
...
Thursday, 19 April 12
FRESH COAL SALES FROM JATENERGYS JONGKANG MINES
COALspot.com - Energy company Jatenergy Ltd (ASX code JAT) announced today that it had signed a contract for an 11,000 tonne coal sale due for shipm ...
Thursday, 19 April 12
HANDY - 'POSITIVE TREND', PANAMAX - 'A FIRMER TENDENCY', CAPESIZE - 'AGAIN NEGATIVE'
Handy
The positive trend from last week continued, with more cargoes entering the market. Skaw/Passero del fixed tick above USD 4000 for US Gulf di ...
Thursday, 19 April 12
WILLIS MARINE MARKET REVIEW FORECASTS ANOTHER DIFFICULT YEAR - WILLIS GLOBAL MARINE / HELLENIC SHIPPING
After an inauspicious start, 2012 could well be "another difficult and uncertain year for the maritime industry faced with the aftermath of the ...
Wednesday, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
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- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
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