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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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Tuesday, 23 October 12
INDONESIA SETS DMO FOR NEXT YEAR
COALspot.com - The Indonesian government has declared the quantity of coal to be supplied to domestic market in 2013 recently under DMO regulation. ...
Sunday, 21 October 12
BUMA HAS PRODUCED 25.0 MILLION TONS OF COAL YEAR TO DATE
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 33.2 million bcm* (+5.5% YoY) of Overburden in September 2012 totaled while coal produc ...
Saturday, 20 October 12
SUPRAMAX FREIGHT EXPECTED TO BE FLAT - VISTAAR
COALspot.com - The shipping market continued to be quite active with quite lot of cargoes fixed for in the cape and panamax sector.
The BDI was ...
Thursday, 18 October 12
INDO-INDIA, LARGE ECO SUPRA FIXED AT USD 11000 - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Cont to East Med were around USD 14k and Black Sea ...
Tuesday, 16 October 12
DRY BULK FREIGHT RATES COULD IMPROVE ON CHINESE STIMULUS AND WINTER CARGO DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO has given out its forecast for the next six weeks, in terms of freight rates for dry bulk carriers. According to them, Capesize TC Average rat ...
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- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- PTC India Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
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