We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 08 March 16
INDONESIA HIKES COAL BENCHMARK PRICE FOR THE FIRST TIME IN 12 MONTHS
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016, but up slightly in March. HBA has climbed first time in last twelve month.
The Director General of Mineral and Coal of Indonesia, who has authority to declare monthly bench mark price for Indonesian thermal coal, revised up Indonesian coal benchmark price for March 2016. The Mineral and Coal department has declared March 2016 HBA at US$ 51.62 per ton for 6322 GAR power plant coal on 7 March 2016.
The March 2016 HBA up nearly 1.37% from last month but declined 23.82% the comparable year-to-date price in 2015.
 |
The March 2016 price reference for Indonesian coal up 1.37% or US$ 0.70 a ton from February 2016. The March Indonesia benchmark price for coal was off 23.82% from the March 2015 price of US$ 67.76 a ton. An increase or decrease in four international coal indices such as ICI-1, Platts-5900, NEX and GC will cause an increase or decrease in HBA every month, as HBA was linked to those indices.
The coal price reference is being established to fulfill the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it aims to increase government revenue from royalties from coal producers.
According to the data from Director General shows that, the government has fixed US$ 12.76 a ton (rose 1.43 per cent month on month) for the coal with calorific value 2,995 kcal/kg on GAR with total moisture 50.10% on as received basis for March 2016 FOB vessel delivery. In the meantime, the government also declared US$ 37.92 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for March 2016 deliveries.
The March 2016 Indonesian thermal coal reference price (or called HBA) was the lowest in 86 months or since launching of HBA by the government of Indonesia in January 2009. The royalty and taxes will be calculated based on this declared HPB.
Indonesian coal benchmark price for March 2016 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the January 2016 index 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) and delivery free on Board (FOB) Vessel basis and apply to spot contract, delivery between 1 – 31 March 2016.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, 5 years ago and price was US$ 76.43 a ton or 146.12 per cent higher compared to this month's bench mark price.
The government of Indonesia was 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 was commenced since September 2011 and according to government regulation, the coal benchmark price must be used by the holders of production operation IUPs, special production operation IUP's, and CCoWs as a reference in determining the coal selling price for a particular period.
HBA of February 2011 was the highest since the launching of HBA by the government of Indonesia (US$ 127.05 / MT for 6322 GAR coal) and the lowest was declared in February 2016 (US$ 50.92 / MT).
The declared HBA in this month is valid for the spot price (loading on or before 31 March 2016), while as for term price (up to 12 months supply), 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 (this month) 30% one month prior HPB and 20% of two-month prior HPB).
The government also declared price marker for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands act as the benchmark and used to calculate other 67 coal types with a quality similar to the coal price markers.
The excess of coal supplies and weak demand, fast developments of renewable energy and fall in oil prices are still to be blamed for obstacle of price recovery or the main reasons of falling of coal prices. According to small scale miners, today’s coal price levels are no more supporting any new investments or new explorations in coal mines. Some Indonesian big scale miners are increasing the production to keep their bottom line healthy while small scale miners either closing down the operation or downscale the operation to keep a float at this difficult time.
Click here for full details of Indonesian coal price reference since January 2009.(cs).
COALspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. The information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.COALspot.com will endeavour to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the COALspot.com do so at their own risk.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 12 February 16
COAL PRICES ARE EXPECTED TO DECLINE 13% IN 2016 TO $50 ATON, ON CONTINUED WEAK DEMAND AND OVERSUPPLY - WORLD BANK
COALspot.com: Thermal coal prices fell 9 percent in the fourth quarter on continued weak demand, high stocks, and surplus production, World Bank sa ...
Friday, 12 February 16
U.S. COAL PRODUCTION OFF 5.4% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.9 million shor ...
Thursday, 11 February 16
GLOBAL NEWBUILDING ORDERBOOK IS SHRINKING ON A DAILY BASIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2016 has started right where 2015 left off when it comes to newbuilding ordering activity, i.e. there are slim pickings to be had from shipyards ar ...
Wednesday, 10 February 16
SOUTH AFRICA IS HOPING TO SHIP MORE COAL TO INDIA IN 2016
COALspot.com: South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal in 2015, industry officials ...
Wednesday, 10 February 16
OWNERS APPEAR WILLING TO DISPOSE OF TONNAGE THE SOONEST IT HITS THE 10 YEAR MARK - TIMOS PAPADIMITRIOU
COALspot.com: The last two months of 2015 made a case for traditional shipowners to invest in the dry bulk sector, doing so though based purely on ...
|
|
|
Showing 2566 to 2570 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Australian Coal Association
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Parliament of New Zealand
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
|
| |
| |
|
