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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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Friday, 16 November 12
SHIP OWNERS KEEP ON INVESTING IN SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Priced attractively, modern and with prompt delivery dates, second hand vessels are proving to be rather popular among cash-rich ship owners these d ...
Friday, 16 November 12
HANDY : IRON ORE WAS QUIET AND RATES FROM INDIA TO CHINA AROUND USD 5500
Handy
The Atlantic was weak with more supply of ships. Rates from Continent/ Feast at USD 9000 and from USG/China at USD 15k. The Pacific market re ...
Wednesday, 14 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 11.14 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,100,686 MT of thermal and coking coal for week ended – 0700 hours 12 November 2012, Ne ...
Tuesday, 13 November 12
INITIAL COAL PRODUCTION AT KATINGAN RIA ON TRACK FOR 2013 FOLLOWING GRANTING OF 'IN PRINCIPLE' FORESTRY PERMIT, INDONESIA
Realm Resources Ltd (“Realm” or the “Company” - ASX: RRP) has announced that its application to upgrade its exploration fore ...
Tuesday, 13 November 12
BULK PORTS & TECHNOLOGY ASIA 2013
Press Release - TOC Events are pleased to announce a new addition to our global portfolio with the launch of the inaugural Bulk Ports & Technolo ...
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- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Planning Commission, India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
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