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Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal commodities. The new rules are contained in the Minister of Energy and Mineral Resources Decree No. 41.K/MB.01/MEM.B/2023.
Referring to the new regulation, there are three reference prices for coal.
The government, in this case the Ministry of Energy and Mineral Resources (ESDM) has officially changed the guideline for determining the benchmark price for the sale of coal commodities. The new rules are contained in the Minister of Energy and Mineral Resources Decree No. 41.K/MB.01/MEM.B/2023.
HBA (Calorific Value - 6200 - 6400 GAR coal)
The Reference Coal Price (in the equivalent calorific value of 6,322 kcal/kg GAR, Total Moisture 12.58%, Total Sulfur 0.71% and Ash 7.58%, the HBA is: HBA = (0.7*Pm) + (0.3 *Pm-1) (US$/ton) Pm is the average selling price of coal with calories 6,200 -6,400 kcal/kg GAR in the previous month (US$/ton) Pm-1 is the average selling price of coal with calories of 6,200 -6,400 kcal/kg GAR in the previous two months (US$/tonne).
HBA I (Calorific Value - 5100 - 5300 GAR coal)
The Reference Coal Price (in the equivalent calorific value of 5,200 kcal/kg GAR, Total Moisture 23.12%, Total Sulfur 0.69% and Ash 6%, the HBA is: HBA I = (0.7*Pm) + (0.3 *Pm-1) (US$/ton) Pm is the average selling price of coal with calories 5,100 -5,300 kcal/kg GAR in the previous month (US$/ton) Pm-1 is the average selling price of coal with calories of 5,100 -5,300 kcal/kg GAR in the previous two months (US$/tonne).
HBA II (Calorific Value - 4100 - 4300 GAR coal)
The Reference Coal Price II (in the equivalent calorific value of 4,200 kcal/kg GAR, Total Moisture 35.29%, Total Sulfur 0.2% and Ash 4.21%, the HBA: HBA II = (0.7*Pm) + (0.3*Pm-1) (US$/ton). Pm is the average selling price of coal with calories 4,100 -4,300 kcal/kg GAR in the previous month (US$/ton). Pm-1 is the average price selling coal with calories of 4,100 -4,300 kcal/kg GAR in the previous two months (US$/tonne)..
The implementation of this formula since 27 on February 2023. Any transactions on and after 27 February 2023 is subject to this new formula.
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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Independent Power Producers Association of India
- PTC India Limited - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- GMR Energy Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- CNBM International Corporation - China
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
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