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Thursday, 03 September 15
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE HBA METHODOLOGY
 COALspot.com: Ministry of Energy and Mineral Resources (ESDM) in process to revise Indonesian Coal Price Reference (HBA) and expected to complete by this month. According to media reports, the government wants the Indonesian Coal Price Reference to reflect its true value of Indonesian coal.
According to local media reports, the government is in opinion that, Indonesia is a low calorific value coal producer and export, where’s the current HBA was based on high calorific value. Hence a significant revision is required particularly the basis of coal that used to calculate monthly Indonesian Coal Price Reference (HBA).
The current HBA was calculated based on calorific value of 6,322 kcal/kg (GAR), using a formula based on the average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25% and its 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). It is not clear that, whether the government sill going to use the average of three international indices or it is going to revise the formula purely based on Indonesian coal.
The Director General of Mineral and Coal of Indonesia revised down Indonesian coal benchmark price once again to US$ 59.14 per MT for 6322 GAR coal in August 2015. The August price reference for Indonesian coal declined just 0.03% or US cents 2 per MT month over month and lost 7.36% year to date. Indonesian thermal coal reference price or called HBA recorded the lowest level in 80 months in August or since launching of HBA by the government of Indonesia in January 2009.
The new methodology for calculating Indonesian Coal Price Reference (HBA), may push up the minimum selling price of Indonesian coal in the future.
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Monday, 17 August 15
CFR SOUTH CHINA COAL SWAPS CONTINUE TO HEAD SOUTH
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 40 (1.05%) per MT month over month.
A commodi ...
Sunday, 16 August 15
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO STEADY NEXT WEEK
COALspot.com: The BDI softened 12.08 per cent to 1055 points this week due to weakening of cape index which was fell 25 per cent week over week to ...
Friday, 14 August 15
FOB INDONESIA COAL SWAP SHOWING NO MOVEMENT THIS PAST WEEK
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week, this past week.
The 4Q swap was declined $ ...
Friday, 14 August 15
U.S. COAL PRODUCTION UP 2.9 PER CENT THIS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.2 million shor ...
Friday, 14 August 15
CONDITIONS AND COMPLEXITIES IN A TRIPARTITE AGREEMENT: BE SPECIFIC! - INCE & CO
KNOWLEDGE TO ELEVATE
A tripartite agreement reached between the Owners, the Shippers and the Receivers provided that demurrage be paid to the ...
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- Grasim Industreis Ltd - India
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- Kalimantan Lumbung Energi - Indonesia
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- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Mines - Canada
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- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
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- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
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- Georgia Ports Authority, United States
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- Indian Oil Corporation Limited
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- White Energy Company Limited
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- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
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- European Bulk Services B.V. - Netherlands
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- The University of Queensland
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- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
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- Iligan Light & Power Inc, Philippines
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- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
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- Mercuria Energy - Indonesia
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- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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- Merrill Lynch Commodities Europe
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- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
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- Larsen & Toubro Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
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- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
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- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
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- Savvy Resources Ltd - HongKong
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