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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
 COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month fell 5.36 percent, the lowest dropped in last 18 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2012 at US$ 96.65 per ton, US$ 5.47 lower than May 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 May 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 – 30 June 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 June 2012 HBA was 18.80 percent or $22.38 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 30 June 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, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
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