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Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
 COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.01/MEM.B/2023, the HBA (Calorific Value - 6200 - 6400 GAR coal) has fixed at US$ 283.08 per ton for March 2023 loading.
The Indonesian Coal Price Reference (HBA) is up US$ 6.03 a ton in March 2023, according to data from the Ministry of Energy and Mineral Resources of the Republic of Indonesia. However, the quality of coal for new HBA price is based on 6200- 6400 GAR instead of previous HBA, which was based on 6322 GAR coal.
The Ministry of Energy and Mineral Resources of the Republic of Indonesia is also declared prices HBA I and HBA II for March 2023 shipments.
US$ 136.70 per ton is declared for HBA I (Calorific Value - 5100 - 5300 GAR coal) and US$ 102.26 is declared for HBA II (Calorific Value - 4100 - 4300 GAR coal)
The Ministry of Energy and Mineral Resources of the Republic of Indonesia is no more using Indonesia Coal Index (ICI), Platts-5900, Newcastle Export Index (NEX) and Global coal Newcastle Index (GCNC) to calculate HBA. The HBA is calculated based actual selling prices for the previous month as well as previous 2 months.
The coal price reference in Indonesia was established to fulfil 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.
The government of Indonesia is publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot as well as 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. Starting from March 2023, the new HBA regulation replaces the previous regulations to determine the HBA, HBA I and HBA II monthly prices.
The declared HBA in this month is valid for the spot price (loading on or before 31 March 2023 or until issuing a new HBA).
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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Indian Oil Corporation Limited
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- Ministry of Transport, Egypt
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- Global Coal Blending Company Limited - Australia
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- Economic Council, Georgia
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- White Energy Company Limited
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- Mercator Lines Limited - India
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- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
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- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
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- Tamil Nadu electricity Board
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- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
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- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
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- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
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- Samtan Co., Ltd - South Korea
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- Planning Commission, India
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- Energy Link Ltd, New Zealand
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- IHS Mccloskey Coal Group - USA
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- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
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- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Deloitte Consulting - India
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- Petron Corporation, Philippines
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- Medco Energi Mining Internasional
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- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
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- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
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- Wood Mackenzie - Singapore
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- Agrawal Coal Company - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
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- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
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- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- The University of Queensland
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
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- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
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