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Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
 COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference price for coal sales in March 2013 gained 1.97 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for March 2013 at US$ 90.09 per ton, US$ 1.74 higher than February 2013 bench mark Price.
HBA is on a rising trend since November 2012. The government of Indonesia had expected the Indonesia coal reference price (HBA) to reach over US$100 per ton this year. If HBA continues its journey on this trend, then, it will reach government prediction within the end 2nd quarter 2013.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the February 2013 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 – 31 March 2013.
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 March 2013 HBA is 20.18 percent or $ 22.78 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 March 2013), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month HPB, 30% of one month prior HPB and 20% of two-month 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 the 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.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
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- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- The University of Queensland
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Minerals Council of Australia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
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