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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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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
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