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Tuesday, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
 COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
The monthly coal reference price for coal sales in November lost 5.35 percent compared to last month.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for November 2012 at US$ 81.44 per ton, 5.35 percent lower than October 2012 bench mark 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 October 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 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 November 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 November 2012 HBA is 30.18 percent or $ 35.21 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 30 November 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 62 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.
Supreme court of Indonesia has recently scrapped a government’s ban on the export of unprocessed minerals.
According to local media reports, the court had ordered the government to withdraw four chapters in the regulation, including one chapter limiting the exports of raw minerals since May 6. According to Ministerial Decree No. 7 on mineral processing, mining companies would only be granted mineral ore export permits after receiving CNC for their business licenses as well as showing commitment to establish smelters or cooperate with other companies to process their mineral ores for export.
New CNC
Indonesian government has issued clear & clean certificates for another 120 coal miners (7th batch) on 16 October 2012. In the meantime, the government has also canceled 4 CNC certificates issued to coal miners last year.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
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