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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, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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Showing 4511 to 4515 news of total 6871 |
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- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Australian Coal Association
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
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