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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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Sunday, 12 July 15
SHIPYARD NOT LIABLE FOR ENGINE ROOM FIRE CAUSED BY OIL LEAKAGE - BIRCH WINDAHL
KNOWLEDGE TO ELEVATE
A Danish vessel owner requested a Danish shipyard to undertake repairs and maintenance works on its vessel. An agreement ...
Saturday, 11 July 15
MAJOR IRANIAN GAS EXPORTS WILL TAKE AT LEAST FIVE YEARS - FITCH
Iran has the long-term potential to become one of the world's top gas producers, thanks to its 34 trillion cubic meters (tcm) of natural gas re ...
Friday, 10 July 15
DRY BULK MARKET KEEPS POSITIVE MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its positive momentum over the course of the past few days, thanks to Panamax gains. During yesterday’s session ...
Friday, 10 July 15
U.S PRODUCED APPROXIMATELY TOTALED AN ESTIMATED 14.1 MMST WEEK OVER WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 14.1 million short ...
Thursday, 09 July 15
CPP MARKET : POSITIVE IN THE SHORT TERM - GEORGE VASTARDIS
Despite the traditionally quieter summer period, the clean tanker market has so far experienced healthy activity especially East of Suez. Increased ...
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- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
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