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Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
 COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain since March 2012.
The monthly coal reference price for coal sales this month gain 1.84 percent from last month. August HBA was the lowest since September 2010, but September HBA took a "U" turn on positive direction. However this gain is really going to reflect the current market or going to improve the cuurent conditions of miners is subject to debatable. Coal producers are struggling to manage their coal mines due to low demand and price. The current high International oil prices are pushing production cost upward, however in the meantime, buyers are looking for lower coal prices.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for September 2012 loading at US$ 86.21 per ton, 1.84% higher than August 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 August 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 – 30 September 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 September 2012 HBA was 25.85 percent or $ 30.05 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 30 September 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 within 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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Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...
Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy
The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...
Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
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- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
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- Ministry of Mines - Canada
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- Global Coal Blending Company Limited - Australia
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- Ministry of Transport, Egypt
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- Altura Mining Limited, Indonesia
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- Minerals Council of Australia
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- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
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- Directorate General of MIneral and Coal - Indonesia
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- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
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- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
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- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
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- Bahari Cakrawala Sebuku - Indonesia
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- Independent Power Producers Association of India
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- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
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- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
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- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
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- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
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- Bangladesh Power Developement Board
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- Timah Investasi Mineral - Indoneisa
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- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
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- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
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- The Treasury - Australian Government
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- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
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- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
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- Indian Energy Exchange, India
- VISA Power Limited - India
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- Maheswari Brothers Coal Limited - India
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- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
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- PNOC Exploration Corporation - Philippines
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- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
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- Economic Council, Georgia
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- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
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- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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