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Tuesday, 07 January 14
INDONESIA RAISES COAL PRICE THIS MONTH
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.59 / MT to US$ 81.90 for January 2014 deliveries on today.
The monthly coal price reference for coal sales in January 2014 gained 1.98 per cent compared to last month.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the November 2013 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
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 January 2014.
The government of Indonesia has been publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the official implementation of HBA has commenced since September 2011.
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The declared January 2014 HBA was 6.45 per cent or $ 5.65 lower year on year. The lowest HBA in 2013 was declared in October (US$ 76.61) and the highest was declared in March '13 (US$ 90.09).
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 127.05 / MT) and lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 January 2014), 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 price marker 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 63 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and trans-shipment costs from barge to vessel. Government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine coal prices on FOB barge. Government also fixed the freight for barging, surveyor, insurance and etc., to determine FOB barge price. Trans-shipment cost US$ 4.00/MT + Surveyor cost US$ 0.25/MT + Insurance 0.80% per shipment + Barging cost (for < 270 footer - (US$ 0.0221 X barging distance) + US$ 3.7406, for 270 - 330 footer - (US$ 0.0184 X barging distance) + US$ 3.1172 and > 330 footer - (US$ 0.0154 X barging distance) + US$ 2.6002.
The coal price reference is been established to fulfill the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it is aims to increase government revenue from royalties from coal producers. The minister of Energy & Mineral Resources of Indonesia and the Parliament of Indonesia (Commission VII, which is overseeing ministry of Energy & Mineral Resources) has agreed to implement the law 04/2009 fully by January 12, 2014.
Government firmly said that, the export ban of unprocessed ore will be implemented on 12 January 2014.
Indonesia will be consistent in banning mineral-ore exports this year, as mandated by the 2009 Mining Law, and the government regulation would set processing and purification requirements before companies can export, a senior government official said, as quoted by local media.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Friday, 14 March 14
US, THE WORLD'S SECOND LARGEST COAL PRODUCER MINED 75.3 MMST OF COAL IN FEBRUARY; DOWN 10.88% M-M
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.7 million short tons (mmst) of coal ...
Thursday, 13 March 14
HANDY: THE FAR EAST MARKET IS IN AN UPWARD TREND - FEARNRESEARCH
Handy
Atlantic is a bit under pressure for spot tonnage, but the underlying sentiment is positive for the short medium future. 2-3 legs are do ...
Thursday, 13 March 14
MARKET INSIGHT - CHRISTOPHER T. WHITTY
By Christopher T. Whitty
Marketing Manager
Cotzias Intermodal Shipping Inc.
During the last year we have noticed that a fair number of ...
Wednesday, 12 March 14
ADARO ENERGY IMPROVES EFFICIENCY AND GENERATED STRONG EBITDA IN 2013
COALspot.com: PT Adaro Energy Tbk, Indonesia's single largest coal miner posted revenue of US$ 3.28 billion and cost of revenue of US$ 2.54 ...
Wednesday, 12 March 14
DGOMC OF INDONESIA REVISED DOWN THE BENCHMARK PRICES FOR COAL BY 4.26% IN MARCH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down the government's declared coal bench mark price ...
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- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- PTC India Limited - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Planning Commission, India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
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