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Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
 COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell to lowest level since September 2010. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for August 2012 at US$ 84.65 per ton, US$ 2.91 lower than July 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 August 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 August 2012 HBA was 27.78 percent or $ 32.56 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 31 August 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 been 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.
Coal traders must hold IUP OPK to sell or buy coal in Indonesia. Coal traders are requested to obtain IUP OPK from mining department to sell or buy coal in Indonesia as well as to export to overseas market.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
Saturday, 25 August 12
INDONESIAN COAL SWAP REMAINS STABLE AT LOW LEVEL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery gain 0.804 percent W-o-W on Friday (24 August 2012) closing but lost 0. ...
Thursday, 23 August 12
INDONESIA-INDIA, LARGE ECO SUPRA FIXED AT USD 6K FOR DELIVERY SOUTH CHINA - FEARNLEYS AS
Handy
The market continued the same trend as last week, low activity and holidays in some countries.
Rate wise unchanged, with US Gulf/Continent ...
Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign m ...
Thursday, 23 August 12
EGCO GROUP ANNOUNCES 2 BILLION BAHT PROFITS IN Q2/2012
Successfully Establishes Integrated Energy Business and Strengthen Investments in ASEAN
Mr. Sahust Pratuknukul, President of Electri ...
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- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
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