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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
Assessment basis of coal price reference 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 applicable for spot contract, delivery between 1 - 31 May 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However the full implementation of HBA has started only since September 2011.
The May 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 61 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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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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- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
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